The company told subscribers the rise was to “invest in and innovate our product offerings and features, and bring you the best experience”, but tactically avoided mentioning any positive effects for recording artists and songwriters. Their share of streaming income is not determined by Spotify itself – it is also affected by the terms of their record deal, should they have one. Spotify was, however, among services opposing an increase in the royalty rate for songwriters in the US (that opposition failed in July 2022 and the new rate was set at 15.1%).
Doesn’t look like it to me, other than what they’re obliged to do by the new rate set last year.