I believe the above post is quoting Spotify, not making a guess.
[1] https://dittomusic.com/en/blog/how-much-does-spotify-pay-per....
Others claim Spotify is great for being discovered [2] and that this is where its value lies for them (as artists).
[1] https://www.nytimes.com/2021/03/22/technology/streaming-musi...
[2] https://www.reddit.com/r/spotify/comments/13v4i4k/spotify_pa...