Spotify Technology (SPOT) EV to CFO (2018 - 2026)
Spotify Technology's (SPOT) quarterly EV to CFO came in at 88.13 in Q2 2026, down 51.87% year-over-year from 183.13 in Q2 2025, and down 3.7% quarter-over-quarter from 91.52 in Q1 2026.
Analysis
Spotify Technology (SPOT) EV to CFO (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed EV to CFO across 9 years of filings, most recently posting 88.13 for Q2 2026.
- In Q2 2026, EV to CFO fell 51.87% year-over-year to 88.13; the TTM figure through Jun 2026 stood at 21.47 (down 54.73% YoY), while the FY2025 annual figure was 31.78, down 6.11% from the prior year.
- EV to CFO came in at 88.13 for Q2 2026 at Spotify Technology, down from 91.52 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 1929.46 in Q2 2023 to a low of 165.82 in Q4 2022.
- Average EV to CFO over 5 years is 268.88, with a median of 124.2 recorded in 2023.
- Year-over-year, EV to CFO tumbled 155.11% in 2022 and surged 464.57% in 2023.
- Over 5 years, EV to CFO stood at 165.82 in 2022, then soared by 145.9% to 76.11 in 2023, then increased by 15.9% to 88.22 in 2024, then rose by 23.45% to 108.9 in 2025, then retreated by 19.07% to 88.13 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 88.13 in Q2 2026, 91.52 in Q1 2026, and 108.9 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.83 Bn | 316.70 Bn | 6.52 Bn |
| 2 | Spotify Technology | 111.63 Bn | 100.71 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 13.00 Bn | 9.90 Bn | 582.00 Mn |
| 4 | FuboTV | 1.22 Bn | 3.14 Bn | 399.10 Mn |
| 5 | Huya | 947.78 Mn | 587.52 Mn | 37.58 Mn |
| 6 | iQIYI | 849.12 Mn | 364.94 Mn | 152.37 Mn |
| 7 | Kaltura | 229.15 Mn | 197.85 Mn | 34.54 Mn |
| 8 | CuriosityStream | 160.17 Mn | 111.78 Mn | 16.93 Mn |
| 9 | Cineverse | 54.91 Mn | 50.59 Mn | 10.66 Mn |
| 10 | LiveOne | 47.57 Mn | 47.56 Mn | 3.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.13 |
| Mar 31, 2026 | 91.52 |
| Dec 31, 2025 | 108.90 |
| Sep 30, 2025 | 135.88 |
| Jun 30, 2025 | 183.13 |
| Mar 31, 2025 | 183.07 |
| Dec 31, 2024 | 88.22 |
| Sep 30, 2024 | 84.02 |
| Jun 30, 2024 | 105.79 |
| Mar 31, 2024 | 204.83 |
| Dec 31, 2023 | 76.11 |
| Sep 30, 2023 | 112.53 |
| Jun 30, 2023 | 1,929.46 |
| Mar 31, 2023 | 349.58 |
| Dec 31, 2022 | -165.82 |
| Sep 30, 2022 | 319.52 |
| Jun 30, 2022 | 341.76 |
| Mar 31, 2022 | 603.21 |
| Dec 31, 2021 | 300.92 |
| Sep 30, 2021 | 269.18 |