Spotify has paid out $40 billion to artists and rightsholders since its founding as of 2022 according to the company's updated annual music royalties report, Loud & Clear.
Additionally, the report shows that the number of artists earning at least $100,000 on Spotify alone has increased. The number of artists generating more than $1 million has also doubled to 1,060, and the number of artists generating more than $10,000 has more than doubled over the past five years to 57,000.
Spotify attributes the growth in the number of successful artists to the lowered barriers to entry that streaming has brought to the music industry. The company also notes that these figures represent revenue generated from Spotify alone and that artists likely generated four times this revenue from other sources.
These numbers show the continued growth of Spotify and its impact on the music industry.