Spotify Technology S.A. (SPOT) stock

SPOTNYSERadio Broadcasting StationsFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 10, 2026Score 11/30

$598.51−10.61 (-1.74%)

Close on Nov 12, 2026Market cap $123.19BP/E 51.1Yield –

Spotify Technology EV/EBITDA

EV/EBITDA is enterprise value divided by EBITDA over the trailing twelve months.

Spotify Technology's EV/EBITDA was 50.6× on Nov 11, 2026, against 75.9× a year earlier. Over the last 3 years it ranged from 34.7× to 264.5×, with a median of 83.7×.

EV/EBITDA at the end of each year

Period	Period end	Value	Change (pts)
2026	Nov 11, 2026	50.6×	−22.1
2025	Dec 31, 2025	72.7×	−138.5
2023	Feb 28, 2023	211.2×	+75.3
2022	Dec 30, 2022	135.9×	–

Where these numbers come from

Parsed from the XBRL in Spotify Technology's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing