Sheeran gets 75,665,830 monthly Spotify listeners based on recent Spotify data. Spotify pays artists about $0.003 per stream, which is $3 for one thousand monthly listeners. Using those numbers, you can estimate that Sheeran earns at least $226,997.49 monthly from Spotify streams alone
This calculation is done using that $0.003 number for Ed Sheeran.
Spotify spent a long time in negations to get that price, and I'm not aware of any credible claims they pay higher rates to popular artists (outside perhaps limited time launch promotions)
I think the more interesting question is how much Sheeran gets vs his record company, but that isn't a Spotify thing.
From there, the rightsholder’s share of net revenue is determined by streamshare.
We calculate streamshare by tallying the total number of streams in a given month and determining what proportion of those streams were people listening to music owned or controlled by a particular rightsholder.
For example: if Billie Eilish receives 2% of all Spotify streams in a month, she will receive 2% of that month’s available streaming royalties.
So the more streams you do, the higher your streamshare, the higher your average pay per steam.
Yes it annoys the hell out of me that I support so many underground bands and realise that 60% of my subscription fee is probably going to pop artists.
I think the point was my $0.003/play for me singing in the shower(^) vs. Sheeran's fraction of that after everyone else's cut.
But I don't really know what the point of that is - sure maybe now he could go on his own and take it all, and coast for a while with existing fan base, no marketing or major concerts, etc. - but he presumably (at least at the time he last locked in to x years) thinks that's value for money.
I'm not sure how Ed Sheeran distribute his music, but I think you're making a mistake in the calculations. Ed Sheeran doesn't make $226,997.49 per month from Spotify, that is the amount they pay the record company to stream his music.
Artist frequently complain that Spotify isn't paying them enough, but forgetting that the record companies take a very large chuck of the profits, just to act as an increasingly irrelevant middleman.
source: https://www.musicindustryhowto.com/ed-sheeran-net-worth/
alt source: https://edm.com/industry/spotify-highest-earning-artists