Apr 28, 2025 08:53 PM IST
Spotify’s funds embrace ad-based income and income generated via the Spotify Companion Program
Music streaming big Spotify stated Monday it had paid out greater than $100 million to creators of audio and video podcasts within the first quarter of 2025, marking the primary time the platform has shared such figures.
‘This determine displays our deep dedication to the creator financial system and underscores Spotify’s place as a number one platform for audio and video creators alike,’ the corporate stated.(REUTERS)
The Swedish firm generated a income of 15.7 billion euros ($17.9 billion) final yr.
“For the first time, we’re revealing that Spotify paid out more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025 alone,” the corporate stated in an announcement.
“This figure reflects our deep commitment to the creator economy and underscores Spotify’s position as a leading platform for audio and video creators alike,” it added.
Spotify’s funds embrace “ad-based revenue and revenue generated through the Spotify Partner Program, which launched earlier this year in select markets” and offers content material creators with extra methods to monetise their content material, the streaming big stated.
Spotify first started providing non-music audio and video content material on its service in 2015.
It has since accelerated its funding in podcasts in and in 2019 it acquired outstanding podcast producer Gimlet Media.
The Swedish platform is because of publish its earnings for the primary quarter on Tuesday, having made its first annual web revenue, 1.1 billion euros, in 2024.
Information / Enterprise / Spotify pays greater than $100 million to audio, video creators in Q2 of FY’25
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