Doesn't count downstream revenue. Do you see live music? Buy physical music? I do. Many of those artists gain their audience via streaming.
Just in the last 6 months I found two local bands in my backyard (it's a big city) through Spotify related atists. I streamed some of their music but also bought vinyl and saw them live and I will continue to do so.
These are small label artists and this is how they actually make it big enough to do it full time. I don't understand why people overlook this.