Will's Blog: Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue (Ethan Millman/The Hollywood Reporter)

28 January 2026

Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue (Ethan Millman/The Hollywood Reporter)

Ethan Millman / The Hollywood Reporter:
Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue — Spotify head of music Charlie Hellman called payouts “the largest annual payment to music from any retailer in history.”

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