Spotify has released its annual Loud & Clear report, detailing information about the music streaming service's royalty payments.

It's no secret that Spotify isn't a big money maker for most artists. But, in its annual Loud & Clear report, the music streamer is trying to change the narrative, reiterating an earlier claim that it paid artists $10 billion in 2024 ($60 million since launching) and adding that these payments increased tenfold over the last 10 years.

Spotify has reported a record payout of $10 billion (A$15.4 billion) in royalties to the music industry for 2024, marking the largest annual payment from a single retailer in history. The streaming giant’s annual ‘Loud & Clear’ report highlights that these payments have increased tenfold over the past decade.

Spotify released its 2024 Loud & Clear report, which says more artists made more money in more languages from the streaming platform last year.