Spotify for Artists is really good. I use it every day, as it's useful for keeping track of how tracks are performing and what playlists you're featured on.
Like anything else on Spotify though, it's completely dependent on how much people actually stream your music. I get 105k+ unique listeners a month (which equates to about half a million actual streams/month), so it's a large enough gamut of people to make deep stats useful and reliable. If you have less than 200 listeners a month for example, having detailed breakdowns isn't really something that is going to make much difference to how you promote/manage music, beyond mere curiosity.
Everyone knows Spotify doesn't pay great (I calculated it to about an average of $0.004 per-stream, when you factor in free accounts as well as Premium) so the key with this platform is to get on the big playlists, especially Spotify's own. I'm on 2 big Spotify playlists, which equates to 69% of my total playcount over a month (over 300k streams/month alone just via these). After that, it's the other user playlists and people who find your music organically through your artist page etc... Obviously getting on the big Spotify playlists isn't easy, but they do have loads of them now, covering most genres/moods etc.. If your music is good enough (and you have luck on your side) then you'll get on them eventually. I can't understate how much of a difference they make to your overall listeners (and as a byproduct, royalty statement) each month. Most people using Spotify just want to hear music that fits whatever mood they're feeling, so it's these compilation playlists that get by far the most listeners on the platform.
I definitely recommend artists make their own public playlists and include them on your artist page at the top. Stick a few of your own tracks in there, along with other peoples you like/want to support. Spotify is a great tool because of how easy it is to make and share playlists, which propagates more music discoveries among the users. If you're an artist with an existing audience, then I think it's your moral duty to help others too, at least IMO.
Also, for the guy above who mentioned Soundcloud and how useless an indicator it is for actual listeners/people buying your music: He's spot on. I've stopped putting any effort into it now and will likely delete my entire account in the near-future. Soundcloud is having real financial difficulties and probably won't even be around for much longer. It's a dying ship and I've noticed MASSIVE hits to streams over the past year in particular. Don't rely on it to promote your music any more, cos it's rubbish IMO.
Also Distrokid is brilliant. I used to use CDBaby as my digital broker, but Distrokid lets you add unlimited albums/eps/singles etc.. for an annual payment, rather than $50 or so per-album/ep. They don't take a cut of your royalty statement each month too. If you want your music on Spotify (and all the other digital download services) then they're the best for sure.
Edited by brisk, 14 October 2017 - 09:33 AM.