Tidal had 0.1% of streams while providing 0.33% of revenue. Google Play Music (now YouTube Music) made up 2.36% of streams but 4.03% of revenue. It doesn't look so good in comparison to some other providers though. Spotify is responsible for about 63% of all music streams but 70% of revenue. Spotify made up 62.97% of streams and 69.57% of revenue.* On the surface, this doesn't look too bad. They looked at the percentage of streams from a particular provider and then what that translated to in terms of revenue.
The Trichordist did a comparison of various streaming services.
The indie labels and acts end up with a lower payout rate but without the benefit of licensing on top of it. One reason the major labels can get by with a lower payout per stream is because they also get paid from the licensing. Spotify also pays to license the music of major label artists, something they don't do for indies. Major record labels own stock in Spotify and can profit from that. The system in place puts indie labels and artists at a disadvantage.
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