EBITDA for Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's current EBITDA (TTM) is $2.36B USD. 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 .
SPOT
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$2.36B
YoY change
+57.3%
5Y CAGR
N/A
Peak year (2025)
$2.36B
Cumulative EBITDA
$1.26B
EBITDA history chart for Spotify (SPOT) from 2015 to 2025
EBITDA history table for Spotify (SPOT) from 2015 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $2.36B | +57.3% | ||
| 2024 | $1.50B | -584.8% | ||
| 2023 | -$309.00M | +95.6% | ||
| 2022 | -$158.00M | -138.0% | ||
| 2021 | $416.00M | -176.5% | ||
| 2020 | -$544.00M | +54300.0% | ||
| 2019 | -$1.00M | -99.3% | ||
| 2018 | -$135.00M | -88.5% | ||
| 2017 | -$1.18B | +138.8% | ||
| 2016 | -$492.00M | +153.6% | ||
| 2015 | -$194.00M | — |
EBITDA values are taken from Spotify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
Analysis
As of the 2025 fiscal year, Spotify (SPOT) reported EBITDA of $2.36B – surged 57.3% year-over-year.
The dataset's maximum EBITDA sits at $2.36B (2025); the minimum reading of -$1.18B dates to 2017.
Spotify (SPOT) sits 9th of 8 Communication Services peers we track on this metric, against a peer median of $47.05B.
Spotify EBITDA by Year
Spotify EBITDA 2025: $2.36B
Spotify EBITDA in 2025 was $2.36B, surged 57.3% from 2024. This figure represents the highest annual value in the available history.
Spotify EBITDA 2024: $1.50B
Spotify EBITDA in 2024 was $1.50B, plunged 584.8% below 2023.
Spotify EBITDA 2023: -$309.00M
Spotify EBITDA in 2023 was -$309.00M, surged 95.6% from 2022.
Spotify EBITDA 2022: -$158.00M
Spotify EBITDA in 2022 was -$158.00M, plunged 138.0% below 2021.
Spotify EBITDA 2021: $416.00M
Spotify EBITDA in 2021 was $416.00M.
See more financial history for Spotify (SPOT).
Sector peers — EBITDA
Companies in the same sector as Spotify, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $179.96B | Communication Services |
| Meta Platforms, Inc. (META) | $104.55B | Communication Services |
| AT&T Inc. (T) | $54.70B | Communication Services |
| Verizon Communications Inc. (VZ) | $47.72B | Communication Services |
| Comcast Corporation (CMCSA) | $46.38B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $32.25B | Communication Services |
| Netflix, Inc. (NFLX) | $30.25B | Communication Services |
| The Walt Disney Company (DIS) | $19.14B | Communication Services |
Frequently asked questions
What is Spotify's EBITDA?
- Latest reported EBITDA for Spotify (SPOT) is $2.36B (period ending December 31, 2025).
How has Spotify EBITDA changed year-over-year?
- Spotify (SPOT) EBITDA changed +57.3% year-over-year on the latest annual filing.
When did Spotify EBITDA hit its highest annual value?
- Spotify EBITDA reached its highest annual value of $2.36B in 2025.
What was Spotify EBITDA in 2024?
- Spotify (SPOT) EBITDA in 2024 was $1.50B.
What was Spotify EBITDA in 2025?
- Spotify (SPOT) EBITDA in 2025 was $2.36B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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