Spotify Technology (SPOT) EV to EBITDA (2018 - 2026)

Spotify Technology has disclosed EV to EBITDA across 9 years of filings, most recently posting 109.79 for Q2 2026.

• In Q2 2026, EV to EBITDA fell 65.67% year-over-year to 109.79; the TTM figure through Jun 2026 stood at 27.01 (down 63.18% YoY), while the FY2025 annual figure was 42.41, down 25.68% from the prior year.
• EV to EBITDA came in at 109.79 for Q2 2026 at Spotify Technology, up from 107.0 in the prior quarter.
• In the past five years, EV to EBITDA ranged from a high of 741.98 in Q3 2023 to a low of 3719.77 in Q1 2022.
• Average EV to EBITDA over 5 years is 110.22, with a median of 121.06 recorded in 2024.
• The largest YoY upside for EV to EBITDA was 1423.65% in 2023 against a maximum downside of 701.77% in 2023.
• Over 5 years, EV to EBITDA stood at 50.25 in 2022, then slumped by 701.77% to 402.89 in 2023, then surged by 140.53% to 163.3 in 2024, then fell by 18.57% to 132.98 in 2025, then decreased by 17.43% to 109.79 in 2026.
• Per Business Quant data, the three most recent EV to EBITDA figures were 109.79 in Q2 2026, 107.0 in Q1 2026, and 132.98 in Q4 2025.