Spotify Technology (SPOT) EBT (2017 - 2026)

Spotify Technology's (SPOT) quarterly EBT came in at $1.1 billion in Q1 2026, up 217.95% year-on-year from $345.0 million in Q1 2025, and down 7.7% quarter-over-quarter from $1.2 billion in Q4 2025.

Spotify Technology (SPOT) EBT (2017 - 2026) Analysis & Trends

Spotify Technology has disclosed EBT across 10 years of filings, most recently posting $1.1 billion for Q1 2026.

  • EBT for Q1 2026 came in at $1.1 billion, up 217.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.3 billion (up 105.88% YoY), and the FY2025 annual result was $2.6 billion, up 80.66% from the prior year.
  • EBT came in at $1.1 billion for Q1 2026 at Spotify Technology, down from $1.2 billion in the prior quarter.
  • In the past five years, EBT ranged from a high of $1.2 billion in Q4 2025 to a low of -$296.9 million in Q4 2022.
  • The 5-year median for EBT is $174.0 million (2022), against an average of $246.6 million.
  • Across the five-year window, EBT slumped 3144.09% in 2022 and soared 478.32% in 2024, its largest moves.
  • Spotify Technology's EBT stood at -$296.9 million in 2022, then soared by 52.53% to -$140.9 million in 2023, then jumped by 478.32% to $533.2 million in 2024, then surged by 122.89% to $1.2 billion in 2025, then retreated by 7.7% to $1.1 billion in 2026.
  • The last three EBT figures came in at $1.1 billion (Q1 2026), $1.2 billion (Q4 2025), and $966.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 615.40 Mn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 77.41 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 21.75 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 1.10 Bn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 205.73 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn -63.50 Mn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 206.54 Bn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn -85.76 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 48.00 Mn
10 Match 8.04 Bn 7.01 Bn 653.28 Mn 200.53 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.10 Bn
Dec 31, 2025 1.19 Bn
Sep 30, 2025 966.81 Mn
Jun 30, 2025 54.33 Mn
Mar 31, 2025 345.02 Mn
Dec 31, 2024 533.23 Mn
Sep 30, 2024 437.09 Mn
Jun 30, 2024 290.76 Mn
Mar 31, 2024 189.03 Mn
Dec 31, 2023 -140.95 Mn
Sep 30, 2023 79.47 Mn
Jun 30, 2023 -262.43 Mn
Mar 31, 2023 -221.11 Mn
Dec 31, 2022 -296.89 Mn
Sep 30, 2022 -145.19 Mn
Jun 30, 2022 -96.04 Mn
Mar 31, 2022 173.96 Mn
Dec 31, 2021 -9.15 Mn
Sep 30, 2021 191.04 Mn
Jun 30, 2021 9.63 Mn