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Brodie Conley's avatar
Brodie Conley
3d
Building Blocks

A very solid analysis of Spotify’s annual Loud & Clear numbers from Hunter Giles — Spotify likes to hide obscure a lot in these reports, and Hunter breaks out the spreadsheet to get to the bottom of it.

tl;dr artists seem to be losing in favour of platform growth (with the upside captured entirely by…platform shareholders).

Not great, Bob!

Hunter Giles's avatar
Hunter Giles
3d

I’m back with my now-annual breakdown of Spotify’s Loud & Clear gaslight report! There’s so much to talk about this year, had to break it up into three parts.

Some highlights from pt 1:

  • In 2025 the Spotify pie grew +$1B, while the average per-artist slice shrank (at least) -$217. Even if you made more money than the year before, you made l…

infinitecatalog.substack.com/p/louder-and-clear…
Apr 9
at
8:04 PM
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