Spotify breaks record with largest annual payout reaching €9.5bn

Report also reveals more artists are making more money on the platform than ever before, with figures showing artists who have generated royalties from $1,000 to more than $10m per year has tripled since 2017

Taylor Swift was named Spotify’s 2024 global top artist, with more than 26.6 billion streams globally.

Spotify has broken the record for the highest annual payment to the music industry from any single retailer with a $10bn (€9.5bn) payout, new figures show.

The 2024 figure was revealed in the streaming provider’s 2025 Loud And Clear report after 2023 saw the streaming provider pay out more than $9bn (€8.6bn) to the music industry.