<ul><li>In 2024, 1,000 music streams generated on average $3.41 - a decrease of less than 2% vs 2023.</li><li>Spotify pays artists less than half of what Apple Music pays artists.</li><li>Earnings per stream are stabilizing in the industry due to consumer price increases and YouTube's growing 'wallet share' at the expense of Spotify.</li><li>Amazon Music pays the highest rates, while Apple's payouts remain strong due to their foothold in higher-price markets.</li></ul>

Spotify pays artists less than half of what Apple Music pays artists

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