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Artists on Spotify make various amounts of money from their songs. Spotify pays musicians $0.003 to $0.005 per streamed song on average. This means that very large audiences must stream an artist's work in order for them to see significant earnings.
In terms of the payment split, it works out as 70/30, with 70% of the earnings going to the artist and 30% going to Spotify.
For 1 million streams on Spotify, an artist can expect to make between $1000 and $8000, averaging at $4000.
For many independent artists that don't have large followings, this translates to a very small generation of revenue from Spotify. Being on the streaming service works towards getting them exposure rather than earning large sums of money.

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