stockrowSpotify Technology
SPOT Communication Services Internet Content & Information
Spotify Technology’s revenue for fiscal 2025 (year ended December 2025) was $19.4 billion, up 14.6% from fiscal 2024.
- Revenue
- +14.5%
- EPS
- −43.1%
- Free cash flow
- −16.1%
Quarter to September 2026, against a year earlier
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Spotify Technology (SPOT) EBITDA
Spotify Technology's EBITDA for fiscal 2025 was $2.6B, up 61.8% from $1.6B in fiscal 2024. Over the twelve months to 30 September 2026 it was $3.3B. Over the past ten years it has ranged from −$514.2M (fiscal 2022) to $2.6B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 3 consecutive fiscal years. Spotify Technology ranks 4th of 66 Internet Content & Information companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $2.6B | 61.83% |
| FY2024 | $1.6B | — |
| FY2023 | −$311.7M | — |
| FY2022 | −$514.2M | — |
| FY2021 | $261.5M | — |
| FY2020 | −$207.9M | — |
| FY2019 | $15.7M | — |
| FY2018 | −$13.0M | — |
| FY2017 | −$366.2M | — |
| FY2016 | −$344.0M | — |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $810.8M | 1.98% |
| Jun 2026 | $795.1M | (8.32%) |
| Mar 2026 | $867.3M | 3.89% |
| Dec 2025 | $834.8M | 17.55% |
| 31 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| META Meta Platforms, Inc. compare | $104.3B |
| SPOT Spotify Technology | $3.3B |
| MTCH Match Group Inc. compare | $1.1B |
| RDDT Reddit Inc. compare | $924.9M |
| ZG Zillow Group, Inc. compare | $306.0M |
| Z Zillow Group, Inc. compare | $306.0M |
| PINS Pinterest, Inc. compare | $218.2M |
| SNAP Snap Inc. compare | $57.1M |
| BIDU Baidu, Inc. compare | −$1.0B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement