Yeah, no, it isn't that simple. To confuse everyone completely, the rates are variable to start with. Streams from different user tiers pay the same song differently. Streams in different countries pay the same song differently. It quickly becomes difficult to do any estimate that doesn't involve guesswork.
Secondly, for very (too) many artists the money actually goes to the labels first. THEN the writers of the lyrics and music get split up. Depending on your contracts the label has the distribution as well, but it is more commonly not so, so that money then comes out of that as well.
For people like Rick Beato, who have money and contacts enough to do their own marketing and distribution, the numbers mentioned might apply. For 99.97% of the rest of the musicians, who don't have the money/muscles to distribute physical copies or marketing strength/contacts to "get the word out there", they usually have to pay someone to do it, or more commonly, sign with a label.
If you, via your label, have recorded your music in a quality studio (not cheap), the label will take pretty much 100% of the income from the songs until the studio bill is paid.
It is getting more and more common that artists record "at home" and only sign a distribution deal, but then there's usually less commerce for those songs too. Not many of the "big names" out there are not signed up with labels where they are big enough to dictate their own terms. Most artists cry of joy for getting a label contract that will lock them in for 5 albums (whatever that means in this day and age) and they themselves will get 5% of the money their songs bring in.
Graham Downs (npub16z2…mqty)