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)

Spotify paid over $11B to the music industry in 2025, a 10% year-over-year increase. This brings its all-time payments to $70B, accounting for around 30% of recorded music revenue. Spotify's payouts are the largest annual payment to music from any retailer.