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Google admits Spotify pays no Play Store fees because of a secret deal | TechCrunch
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this post was submitted on 25 Nov 2023
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Spotify pays 70% of its profits to artists. Not revenue. Almost all your subscription money and ad revenue goes to spotify. They just at some point decide that's enough to take to spend on spotify, then give a tiny tiny amount to artists.
70% of Spotify profits is a 'tiny tiny amount'?
Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.