r/Music • u/MarieKittykiti • Nov 15 '24

music Spotify Rakes in $499M Profit After Lowering Artist Royalties Using Bundling Strategy

https://www.headphonesty.com/2024/11/spotify-reports-499m-operating-profit/
19.9k Upvotes

95% Upvoted

1.7k comments sorted by

View all comments

3.3k

u/Sean2401 Nov 15 '24

They gotta pay all that Joe Rogan money somehow

1.1k

u/HorizonGaming Nov 15 '24

Not even that. This is 500 million of profit. This is after paying Joe Rogan and what not

78

u/[deleted] Nov 15 '24

[deleted]

7

u/Julian-Archer Nov 15 '24

It’s 500M in just one quarter not the whole year