Spotify Technology (SPOT) Price to Book (2018 - 2026)
Spotify Technology's (SPOT) quarterly Price to Book came in at 9.7 in Q2 2026, down 53.5% year-over-year from 20.85 in Q2 2025, and down 8.9% quarter-over-quarter from 10.64 in Q1 2026.
Analysis
Spotify Technology (SPOT) Price to Book (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Price to Book across 9 years of filings, most recently posting 9.7 for Q2 2026.
- In Q2 2026, Price to Book fell 53.5% year-over-year to 9.7; the TTM figure through Jun 2026 stood at 9.7 (down 53.5% YoY), while the FY2025 annual figure was 12.33, down 20.19% from the prior year.
- Price to Book came in at 9.7 for Q2 2026 at Spotify Technology, down from 10.64 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 20.85 in Q2 2025 to a low of 6.23 in Q4 2022.
- Average Price to Book over 5 years is 12.64, with a median of 13.16 recorded in 2024.
- Year-over-year, Price to Book plunged 66.42% in 2022 and soared 119.06% in 2023.
- Over 5 years, Price to Book stood at 6.23 in 2022, then soared by 119.06% to 13.65 in 2023, then rose by 13.19% to 15.45 in 2024, then slipped by 20.19% to 12.33 in 2025, then declined by 21.35% to 9.7 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 9.7 in Q2 2026, 10.64 in Q1 2026, and 12.33 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 | 9.70 |
| Mar 31, 2026 | 10.64 |
| Dec 31, 2025 | 12.33 |
| Sep 30, 2025 | 15.65 |
| Jun 30, 2025 | 20.85 |
| Mar 31, 2025 | 17.06 |
| Dec 31, 2024 | 15.45 |
| Sep 30, 2024 | 14.28 |
| Jun 30, 2024 | 13.49 |
| Mar 31, 2024 | 14.47 |
| Dec 31, 2023 | 13.65 |
| Sep 30, 2023 | 12.84 |
| Jun 30, 2023 | 13.87 |
| Mar 31, 2023 | 10.27 |
| Dec 31, 2022 | 6.23 |
| Sep 30, 2022 | 7.37 |
| Jun 30, 2022 | 7.34 |
| Mar 31, 2022 | 12.04 |
| Dec 31, 2021 | 18.55 |
| Sep 30, 2021 | 17.17 |