Taylor Swift to Earn over $100 Million from Spotify this Year

Taylor Swift ends the year on a high!

The pop superstar, 33, has been named Spotify’s most streamed artist of 2023, after amassing 26.1 billion global streams as of January 1. He’s also on track to earn over $100 million in royalties from the platform this year, PEOPLE can confirm.

While Swift took the top spot on the streaming service, Bad Bunny, The Weeknd, Drake and Mexican star Peso Pluma followed behind her.

The artists of the year were announced this week as part of Spotify’s annual Spotify Wrapped, revealing the music trends of 2023.

Swift is Spotify’s most streamed artist of 2023.

Jeff Kravitz/TAS23/Getty Images for TAS Rights Management

Taylor Swift, Bad Bunny and The Weeknd are the most listened to artists on Spotify in the world for 2023.

Spotify did not respond to PEOPLE’s request for comment.

After being named the best Spotify artist in the world, Swift expressed her heartfelt thanks posting on social networks.

“Um ok this is unreal?? I just wanted to say to everyone who has listened to my music this year, anywhere in the world, thank you. Being named Spotify’s Global Top Artist 2023 is truly the best birthday/holiday present you could” he gave me is,” she wrote in a Nov. 29 post, adding, “We really had the MOST fun on tour this year, and now this. are you serious So I’ve been trying to think of a way to say thank you, and many of you have been asking me to stream “You’re Losing Me (From The Vault)”… so here you go! Now you can finally listen EVERYWHERE.”

With one month left in the year, Swift’s Spotify streams are expected to grow — along with her total royalties on the platform — to an estimated 27.2 billion streams, according to Billboard.

Swift’s earnings across all music streaming platforms, including Apple Music, Amazon Music and YouTube, are estimated to be around $160 million, with publishing revenue bringing the total to nearly $200 million, Billboard reported.

Never miss a story — sign up for PEOPLE’s free daily newsletter to stay up-to-date on the best PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.

The singer is expected to earn more than $100 million from royalties on the platform.

Scott Eisen/TAS23/Getty

Following a 2018 deal with Universal Music Group, Swift secured ownership of her master recordings.

At the time, the “Karma” singer announced her “exciting” new chapter with her new “label family” after leaving Big Machine Records in a Tumblr post, according to a report from Diversityand she also discussed the financial aspect of work that was important to her in connection with Spotify.

“There was one condition that meant more to me than any other point of the agreement. As part of my new contract with Universal Music Group, I have requested that any sale of their Spotify shares result in the distribution of money to their artists, with no possibility of return. They have generously agreed to this, on terms they believe will be much better and previously paid for by other major labels,” she wrote in part in a Tumblr post, per Diversity.

Swift’s latest achievement comes after a breakout year for the artist. The “Anti-Hero” singer kicked off her Eras World Tour in March after releasing a deluxe version of her 2022 album. Midnight in May, and in October released the concert film of the tour in cinemas.

Swift beat out Drake and Bad Bunny for the top spot on Spotify this year. Karwai Tang/WireImage, Amy Sussman/Getty, Alexander Tamargo/Getty Taylor Swift makes Vault’s ‘You’re Losing Me’ available for streaming as she is named Spotify’s Top Global Artist

“The Eras Tour has been the most meaningful, electric experience of my life so far and I’m thrilled to tell you that it’s coming to the big screen soon,” Swift wrote in a social media post ahead of the film’s August release.

This year, Swift released two re-recorded albums, Speak Now (Taylor’s Version) and 1989 (Taylor’s Version), and in November she started the Latin American part of her Era’s tour.

The singer rounded off the year by allowing fans to rewatch her concert film at home, which she announced ahead of her birthday on December 13.

“My birthday is coming up and I thought a fun way to celebrate the year we’ve had together would be to make The Eras Tour concert film available to watch at home!” Swift said in a post this week.

“I am very happy to tell you that an extended version of the film including ‘Wildest Dreams’, ‘The Archer’ and ‘Long Live’ will be available for on-demand rental in the US, Canada and other countries to be released starting in … you guessed it, December 13th 🫶💋.”

Categories: Trends
Source: HIS Education