Spotify Technology (SPOT) Enterprise Value (2017 - 2026)
Spotify Technology (SPOT) posted Enterprise Value of -$10.2 billion for Q1 2026, up 7.08% sequentially from -$11.0 billion in Q4 2025, and down 23.02% YoY from -$13.3 billion in Q1 2025.
Spotify Technology (SPOT) Enterprise Value (2017 - 2026) Analysis & Trends
Spotify Technology has reported Enterprise Value for 10 years, with the latest figure at -$10.2 billion in Q1 2026.
- Quarterly Enterprise Value fell 23.02% year-over-year to -$10.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$10.2 billion (down 23.02% YoY) and the FY2025 annual result came in at -$11.0 billion, down 38.46% from the prior year.
- Enterprise Value climbed to -$10.2 billion in Q1 2026 per SPOT's latest filing, from -$11.0 billion in the prior quarter.
- Over five years, Enterprise Value peaked at -$3.4 billion in Q4 2022 and troughed at -$11.0 billion in Q4 2025.
- A 5-year average of -$6.2 billion and a median of -$5.1 billion in 2024 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2022 and 2024: Enterprise Value rose 14.64% in 2022, then sank 75.54% in 2024.
- Over 5 years, Enterprise Value stood at -$3.4 billion in 2022, then sank by 32.66% to -$4.5 billion in 2023, then tumbled by 75.54% to -$8.0 billion in 2024, then slumped by 38.46% to -$11.0 billion in 2025, then increased by 7.08% to -$10.2 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$10.2 billion, -$11.0 billion, and -$10.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,253.34 Bn | 3,824.30 Bn | 73.85 Bn | -429.04 Bn |
| 2 | Meta Platforms | 1,548.59 Bn | 1,458.33 Bn | 49.47 Bn | -90.26 Bn |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | -133.05 Mn |
| 4 | Baidu | 289.09 Bn | 284.60 Bn | 1.88 Mn | -2.55 Bn |
| 5 | Spotify Technology | 104.28 Bn | 94.04 Bn | 1.75 Bn | -10.24 Bn |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | -578.85 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | -170.00 |
| 8 | Nebius | 49.00 Bn | 39.37 Bn | 295.20 Mn | -9.63 Bn |
| 9 | 30.74 Bn | 27.96 Bn | 734.60 Mn | -2.79 Bn | |
| 10 | Tencent Music Entertainment | 27.35 Bn | 24.65 Bn | 514.00 Mn | -2.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10.24 Bn |
| Dec 31, 2025 | -11.02 Bn |
| Sep 30, 2025 | -10.59 Bn |
| Jun 30, 2025 | -9.45 Bn |
| Mar 31, 2025 | -8.32 Bn |
| Dec 31, 2024 | -7.96 Bn |
| Sep 30, 2024 | -6.68 Bn |
| Jun 30, 2024 | -5.81 Bn |
| Mar 31, 2024 | -5.07 Bn |
| Dec 31, 2023 | -4.53 Bn |
| Sep 30, 2023 | -4.04 Bn |
| Jun 30, 2023 | -3.72 Bn |
| Mar 31, 2023 | -3.69 Bn |
| Dec 31, 2022 | -3.42 Bn |
| Sep 30, 2022 | -3.70 Bn |
| Jun 30, 2022 | -3.81 Bn |
| Mar 31, 2022 | -3.97 Bn |
| Dec 31, 2021 | -4.00 Bn |
| Sep 30, 2021 | -3.82 Bn |
| Jun 30, 2021 | -3.68 Bn |