TTM
$3.46B
YoY change
+71.7%
5Y CAGR
—
Peak year (2025)
$2.74B
Cumulative EBITDA
$2.53B
EBITDA history chart for Spotify (SPOT) from 2015 to 2025
Latest: $2.74B
EBITDA growth chart for Spotify (SPOT) from 2015 to 2025
Latest: +71.7%
EBITDA history table for Spotify (SPOT) from 2015 to 2025
| 2025 | $2.74B | +71.7% | +$1.15B | ||
| 2024 | $1.60B | -580.5% | +$1.93B | ||
| 2023 | −$332.58M | +106.0% | −$171.13M | ||
| 2022 | −$161.46M | -133.9% | −$637.03M | ||
| 2021 | $475.58M | -173.3% | +$1.12B | ||
| 2020 | −$648.68M | +58488.4% | −$647.57M | ||
| 2019 | −$1.11M | -99.3% | +$152.88M | ||
| 2018 | −$153.99M | -88.9% | +$1.23B | ||
| 2017 | −$1.38B | +160.8% | −$853.11M | ||
| 2016 | −$530.49M | +149.7% | −$318.07M | ||
| 2015 | −$212.42M | — | — |
- 2025$2.74B+71.7%
- 2024$1.60B-580.5%
- 2023−$332.58M+106.0%
- 2022−$161.46M-133.9%
- 2021$475.58M-173.3%
- 2020−$648.68M+58488.4%
- 2019−$1.11M-99.3%
- 2018−$153.99M-88.9%
- 2017−$1.38B+160.8%
- 2016−$530.49M+149.7%
- 2015−$212.42M—
EBITDA values are taken from Spotify's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in EUR.
About EBITDA at Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's current EBITDA (TTM) is $3.46B. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Spotify (SPOT) reported EBITDA of €2.36B – surged 57.3% year-over-year.
The record annual EBITDA stands at €2.36B, reached in 2025; the historical low of −€1.18B was recorded in 2017.
Spotify EBITDA by Year
Spotify EBITDA 2025: $2.74B
Spotify EBITDA in 2025 was €2.36B ($2.74B), surged 57.3% from 2024. This figure represents the highest annual value in the available history.
Spotify EBITDA 2024: $1.60B
2024's EBITDA for Spotify came in at €1.50B ($1.60B), plunged 584.8% below 2023.
Spotify EBITDA 2023: −$332.58M
Spotify posted EBITDA of −€309.00M (−$332.58M) in 2023, surged 95.6% from 2022.
Spotify EBITDA 2022: −$161.46M
In 2022, Spotify reported EBITDA of −€158.00M (−$161.46M), plunged 138.0% below 2021.
Spotify EBITDA 2021: $475.58M
Spotify EBITDA in 2021 was €416.00M ($475.58M).
See more financial history for Spotify (SPOT).
Sector peers by EBITDA
Communication Services peers of Spotify (SPOT), ranked by their latest EBITDA
| $179.96B | |
| $104.55B | |
| $54.70B | |
| $47.72B | |
| $46.39B | |
| $31.31B | |
| $30.25B | |
| $19.14B |
- $179.96B
- $104.55B
- $54.70B
- $47.72B
- $46.39B
- $31.31B
- $30.25B
- $19.14B
Frequently asked questions
Spotify (SPOT) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation