Some new Spotify payout numbers are available. They’re big.

Spotify has something called “Loud and Clear,” a website that offers stats of the platform’s usage. Ahead of the next formal announcement, the company announced that it paid out more than US$9 billion to artists. That’s more than triple from six years ago. Since it went online in 2008, Spotify says it has paid out over US$48 billion.

About 200,000 artists receive 95% of the payouts. That works out to an average payout of US$42,750 per artist, although those on top (The Weeknd, Drake, Taylor Swift et al) obvious get much, much more than that.

YouTube is in something of a race with Spotify. In 2023, it paid out around US$6 billion. They’ve made it clear that they’re gunning for Spotify and want to become “the #1 contributor of revenue to the industry by 2025.”

Spotify fill release more 2023 numbers in the coming days and weeks.

(With info from Music Ally)