At the start of 2017, the world was “taken by storm” with the release of Luis Fonsi’s Despacito. Five years since, and the Latin hit continues to make waves in pop music charts.
Initially, the song enjoyed a slow but promising start. It was Justin Bieber’s remix of the track that made it viral. Fonsi became a worldwide sensation overnight. Consequently, the song became a staple of radio stations and pop charts all over the world.
Fonsi, Daddy Yankee, and Erika Ender wrote the song in late 2015. But it was not recorded until late 2016. The song’s title, “Despacito,” means “slowly.” It talks about a man who wants to “slowly” seduce the woman he loves.
Despacito on Youtube really popular. Despacito is the most-streamed song in the world as of 2021. Similarly, its video has more than 7.3 billion views, making it the second most-watched video on YouTube. The song led to the revival of Latin music in American and European mainstream pop.
With such global success, we are all probably wondering how much revenue the hit has garnered. Here’s a look at how Despacito has performed in worldwide streaming and sales.
How much did Despacito make on Youtube?
The song currently ranks second on YouTube with 7.3 billion streams. Despacito on Spotify has 1.1 billion streams with an average of 19.2 million listeners. Back then, the original version had 956.1 million streams on Spotify, while the Justin Bieber remix had 1.2 billion.
On average, YouTube pays out significantly less than Spotify and other streaming services. The reason for this is because YouTube shares ad revenue instead of paying per stream. Therefore, despite having more plays on YouTube, the song has earned more on average from other platforms.
YouTube’s current estimate on per-stream royalty rates is around $0.0007 per play. Hence, Despacito has earned an average of up to $29.2 million based on the current views. On Spotify, the payout ranges from $0.006 to $0.0084. The original version currently has about 1.1 billion, while the Bieber remix has 1.3 billion streams. Therefore, it has accumulated approximately 5 million and 5.2 million respectively. Adding both YouTube’s and Spotify’s revenue, we are looking at around 40 million in earnings.
We should bear in mind that these are based only on average earnings from the top two streaming sites. If we consider other streaming platforms like Apple Music or SoundCloud, the numbers would be more. Hence, we could be looking at almost a hundred million in total revenue.
The song got popular very quickly after its release. And the number of plays it got daily increased at an alarming rate. By the end of 2017, it was the fastest song in history to gain 1 billion streams. So, let us try and analyze its YouTube stats from 2017.
How much money has Despacito made per day and year from Youtube?
- On a daily basis, Despacito had about 24,881,587 streams. And the average earning for those views amount to about $76,650.
- It received 754,395,000 views monthly, which give us $2,263,185.
- At the end of the year, the song was at 4,740,202,424 views. And the yearly income would amount to $9,480,404.
- Therefore, we have estimated earnings of up to $11,820,239.
If we consider Ad-block filtering, we will have about a 28% deduction, i.e., $2,654,513. Likewise, YouTube taxation charges about 35-45% of the revenue, i.e., approximately $2,389,061.
Despite all these factors, Despacito still earned about $4,436,830 through its YouTube streams in 2017 alone. And the numbers are still climbing.
Luis Fonsi net worth from Despacito, how much money did he make?
Luis Fonsi a Puerto is a famous singer who made this popular song titled Despacito together with Daddy Yankee, Erika Ender, amd Justin Bieber as the song writers. Despacito was made together with the songwriters, so he also had to share the profits with the songwriters. he made $ 3.2 million at least from YouTube. As of 2021, he has a net worth of $16 million.
Despacito’s Global Performance and Earnings
Despacito became the most-streamed song of all time, just six months after its release. People around the world had streamed the song 4.6 billion times across all streaming services at that stage. Some might credit Bieber for the song’s chart success. But the song was already dominating charts in Spanish-speaking countries.
To better understand the song’s earning, we need to review its chart performances and accolades first.
Chart performance and Certifications
Despacito was the best-selling and most-streamed single of 2017 in the United States. It had sold almost 2.9 million downloads by the end of the year. By January 6, 2020, the song had sold over 13 million units. As a result, it was certified 13× platinum by the Recording Industry Association of America (RIAA). It became the first Latin single to receive a diamond certification by the RIAA.
Internationally, Despacito has topped the charts of 47 countries. It includes both the original Spanish version and the Justin Bieber remix. The song also enjoyed the No.1 spot on top charts in Argentina, Japan, Australia, and more. In the United Kingdom, it was the second best-selling and most-streamed song of 2017, with 2.3 million combined sales.
The hit won four Latin Grammy Awards in 2018, including “Record Of The Year.” It also got nominated in three categories at the 2018 Grammys but controversially won none.
Despacito’s rise to stardom signaled the start of another Spanish invasion in pop culture media. There hasn’t been a song since Ricky Martin’s “Livin’ La Vida Loca” that has had the global impact of Despacito. Its catchy melody and simple chord progression made it so popular among pop music fans.
To say it was a hit is an understatement. Over the years, Despacito has gone on to break the internet. It is still streamed by millions daily, despite being released in 2017.
Despacito has undoubtedly advanced the cause of Latin music on the worldwide stage. It inspired a movement that is evident in pop culture today. Many pop artists from every corner of the world took reggaeton and ran with it, adding hip-hop, R&B, and soul elements. But none has had as much impact as the “infectious” Latin hit.
Thanks to Despacito, monthly YouTube tallies for Latin artists have surged over the years. The movement is a combination of genre and culture. And the impact it had on pop culture was unlike anything we have had for some time. Erika Ender, who co-wrote the song, stated that it is a triumph for Spanish music and the reception was remarkable.