Spotify Technology S.A. logo
Spotify Technology S.A. (SPOT)
Compare

Spotify Technology S.A. (SPOT) EV/EBITDA Ratio: 28.40x

popular:market cap|pe ratio|revenue|price history|total return

Is Spotify Technology S.A.’s EV/EBITDA ratio high or low?

Spotify Technology S.A.'s EV/EBITDA ratio of 28.40x is 90% below its 5-year average of 283.79x, near the low end of its 5-year range (23.66x–9836.43x).

The EV/EBITDA ratio for Spotify Technology S.A. (SPOT) is 28.40x as of Wednesday, June 10, 2026. It is below its 12-month average by 54.03% (61.79x).

EV/Sales|P/E Ratio|EBITDA|All Metrics

SPOT EV/EBITDA Ratio Chart

SPOT EV/EBITDA Ratio
28.40x-65.10% 1Y
Zoom

SPOT Average EV/EBITDA Ratio Chart

SPOT Current vs Average EV/EBITDA Ratio Chart

SPOT EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

28.40x

EV/EBITDA RATIO AVG TTM

61.79x

EV/EBITDA RATIO AVG 3Y

195.89x

EV/EBITDA RATIO AVG 5Y

283.79x

EV/EBITDA RATIO AVG 10Y

1761.58x

EV/EBITDA RATIO AVG 15Y

1761.58x

EV/EBITDA RATIO AVG 20Y

1761.58x

CURRENT VS TTM AVG

-54.03%

CURRENT VS 3Y AVG

-85.50%

CURRENT VS 5Y AVG

-89.99%

CURRENT VS 10Y AVG

-98.39%

CURRENT VS 15Y AVG

-98.39%

CURRENT VS 20Y AVG

-98.39%

SPOT Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Spotify Technology S.A. (SPOT)—28.40x61.79x195.89x283.79x
Comcast Corporation (CMCSA)$85.20B3.84x4.53x6.35x7.33x
Electronic Arts Inc. (EA)$50.77B40.59x30.46x22.87x23.30x
AT&T Inc. (T)$157.80B5.82x6.58x8.28x8.31x
Twitter, Inc. (delisted) (TWTR)$41.09B72.25x113.74x76.22x65.02x
Reddit, Inc. (RDDT)$34.32B53.00x201.64x220.89x220.89x
The Walt Disney Company (DIS)$172.49B10.50x12.64x15.20x23.21x
Charter Communications, Inc. (CHTR)$19.11B5.52x6.08x6.78x7.79x
Roku, Inc. (ROKU)$17.86B47.78x56.68x117.49x121.28x
Pinterest, Inc. (PINS)$14.57B36.27x63.41x138.63x174.54x

EV/EBITDA vs. its own history

At 28.4, EV/EBITDA is cheaper than usual — richer than 1% of its 7-year range.

7-year low

23.7

median

111.3

7-year high

13230.6

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Spotify Technology S.A. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Spotify Technology S.A. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The EV/EBITDA ratio for SPOT stock is 28.40x.
Is Spotify Technology S.A.'s EV/EBITDA ratio high or low?
Spotify Technology S.A.'s EV/EBITDA ratio of 28.40x is 90% below its 5-year average of 283.79x, near the low end of its 5-year range (23.66x–9836.43x).
What is the TTM average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The TTM average EV/EBITDA ratio for SPOT stock is 61.79x.
What is the 3Y average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The 3Y average EV/EBITDA ratio for SPOT stock is 195.89x.
What is the 5Y average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The 5Y average EV/EBITDA ratio for SPOT stock is 283.79x.
What is the 10Y average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The 10Y average EV/EBITDA ratio for SPOT stock is 1761.58x.
What is the 15Y average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The 15Y average EV/EBITDA ratio for SPOT stock is 1761.58x.
What is the 20Y average EV/EBITDA ratio for Spotify Technology S.A. (SPOT)?
The 20Y average EV/EBITDA ratio for SPOT stock is 1761.58x.

Spotify Technology S.A. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-0928.40x
2026-06-0828.82x
2026-06-0528.44x
2026-06-0428.24x
2026-06-0327.88x
2026-06-0228.72x
2026-06-0129.10x
2026-05-2928.49x
2026-05-2829.64x
2026-05-2729.40x
2026-05-2630.42x
2026-05-2229.83x
2026-05-2128.02x
2026-05-2024.60x
2026-05-1925.10x
2026-05-1825.30x
2026-05-1524.82x
2026-05-1424.55x
2026-05-1324.45x
2026-05-1224.56x
2026-05-1123.76x
2026-05-0823.66x
2026-05-0724.24x
2026-05-0624.11x
2026-05-0523.76x
2026-05-0424.90x
2026-05-0125.09x
2026-04-3025.40x
2026-04-2925.22x
2026-04-2824.65x
2026-04-2737.27x
2026-04-2439.00x
2026-04-2338.84x
2026-04-2239.37x
2026-04-2139.34x
2026-04-2040.45x
2026-04-1740.44x
2026-04-1640.04x
2026-04-1540.02x
2026-04-1438.48x
2026-04-1337.92x
2026-04-1035.73x
2026-04-0936.56x
2026-04-0836.29x
2026-04-0736.29x
2026-04-0636.39x
2026-04-0236.74x
2026-04-0135.27x
2026-03-3136.42x
2026-03-3035.65x
2026-03-2735.46x
2026-03-2635.90x
2026-03-2535.51x
2026-03-2436.42x
2026-03-2337.01x
2026-03-2035.62x
2026-03-1936.24x
2026-03-1838.90x
2026-03-1739.56x
2026-03-1639.46x
2026-03-1338.84x
2026-03-1238.34x
2026-03-1138.71x
2026-03-1039.95x
2026-03-0941.08x
2026-03-0642.66x
2026-03-0541.65x
2026-03-0440.25x
2026-03-0339.15x
2026-03-0238.16x
2026-02-2738.76x
2026-02-2637.26x
2026-02-2534.74x
2026-02-2434.93x
2026-02-2335.10x
2026-02-2036.87x
2026-02-1936.45x
2026-02-1835.85x
2026-02-1734.71x
2026-02-1334.36x
2026-02-1233.38x
2026-02-1136.60x
2026-02-1035.73x
2026-02-0941.33x
2026-02-0642.14x
2026-02-0541.12x
2026-02-0444.01x
2026-02-0347.49x
2026-02-0251.09x
2026-01-3050.23x
2026-01-2950.60x
2026-01-2851.10x
2026-01-2751.41x
2026-01-2651.51x
2026-01-2351.57x
2026-01-2250.05x
2026-01-2150.42x
2026-01-2051.37x
2026-01-1650.66x
2026-01-1551.03x
2026-01-1453.20x
2026-01-1353.80x
2026-01-1253.32x
2026-01-0954.29x
2026-01-0855.78x
2026-01-0757.44x
2026-01-0657.63x
2026-01-0559.91x
2026-01-0258.00x
2025-12-3158.59x
2025-12-3058.17x
2025-12-2958.64x
2025-12-2658.97x
2025-12-2459.20x
2025-12-2358.46x
2025-12-2258.39x
2025-12-1958.74x
2025-12-1856.84x
2025-12-1757.09x
2025-12-1658.42x
2025-12-1558.22x
2025-12-1260.37x
2025-12-1160.48x
2025-12-1061.58x
2025-12-0959.53x
2025-12-0857.72x
2025-12-0556.95x
2025-12-0456.54x
2025-12-0356.14x
2025-12-0258.19x
2025-12-0158.40x
2025-11-2860.48x
2025-11-2659.84x
2025-11-2559.09x
2025-11-2459.04x
2025-11-2158.89x
2025-11-2059.48x
2025-11-1962.53x
2025-11-1864.39x
2025-11-1764.83x
2025-11-1464.32x
2025-11-1365.32x
2025-11-1265.58x
2025-11-1164.72x
2025-11-1062.99x
2025-11-0762.36x
2025-11-0662.49x
2025-11-0562.68x
2025-11-0463.68x
2025-11-0384.16x
2025-10-3185.66x
2025-10-3085.84x
2025-10-2987.05x
2025-10-2885.41x
2025-10-2785.99x
2025-10-2484.38x
2025-10-2388.15x
2025-10-2288.38x
2025-10-2190.20x
2025-10-2088.37x
2025-10-1787.83x
2025-10-1686.89x
2025-10-1587.80x
2025-10-1489.44x
2025-10-1390.58x
2025-10-1089.68x
2025-10-0988.12x
2025-10-0888.26x
2025-10-0789.03x
2025-10-0689.01x
2025-10-0389.03x
2025-10-0292.63x
2025-10-0191.74x
2025-09-3091.38x
2025-09-2995.46x
2025-09-2693.86x
2025-09-2593.34x
2025-09-2492.81x
2025-09-2394.19x
2025-09-2296.81x
2025-09-1996.33x
2025-09-1896.22x
2025-09-1792.61x
2025-09-1692.19x
2025-09-1592.06x
2025-09-1291.17x
2025-09-1190.35x
2025-09-1092.20x
2025-09-0994.21x
2025-09-0894.10x
2025-09-0592.61x
2025-09-0492.16x
2025-09-0391.29x
2025-09-0290.26x
2025-08-2989.22x
2025-08-2890.01x
2025-08-2790.71x
2025-08-2691.17x
2025-08-2590.95x
2025-08-2290.71x
2025-08-2190.24x
2025-08-2092.16x
2025-08-1994.24x
2025-08-1895.41x
2025-08-1596.04x
2025-08-1491.45x
2025-08-1390.98x
2025-08-1290.22x
2025-08-1190.20x
2025-08-0892.44x
2025-08-0789.87x
2025-08-0687.20x
2025-08-0584.55x
2025-08-0486.10x
2025-08-0181.89x
2025-07-3181.81x
2025-07-3085.01x
2025-07-2980.93x
2025-07-2881.60x
2025-07-2580.66x
2025-07-2479.27x
2025-07-2378.44x
2025-07-2278.59x
2025-07-2182.30x
2025-07-1880.94x
2025-07-1783.97x
2025-07-1682.14x
2025-07-1582.72x
2025-07-1483.56x
2025-07-1182.57x
2025-07-1082.66x
2025-07-0984.11x
2025-07-0884.02x
2025-07-0785.80x
2025-07-0384.46x
2025-07-0282.61x
2025-07-0184.14x
2025-06-3089.49x
2025-06-2790.12x
2025-06-2690.51x
2025-06-2585.80x
2025-06-2487.42x
2025-06-2385.19x
2025-06-2082.36x
2025-06-1882.69x
2025-06-1784.01x
2025-06-1683.33x
2025-06-1382.77x
2025-06-1281.82x
2025-06-1182.57x
2025-06-1080.69x
2025-06-0981.37x
2025-06-0682.94x
2025-06-0583.00x
2025-06-0481.61x
2025-06-0378.04x
2025-06-0278.15x
2025-05-3077.33x
2025-05-2973.95x
2025-05-2877.19x

Showing the most recent 260 of 1,724 data points. The chart above shows the full history.

Related Metrics

EV/SalesP/E RatioEBITDAAll Metrics

About Spotify Technology S.A.

Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.

Luxembourg City
7,258 employees
www.spotify.com
Communication Services / Internet Content & Information
Sector
Communication Services
Industry
Internet Content & Information
CEO
Alex Norström
View full financials