It’s different for all music professionals but I’d say yes it is. I don’t even use Spotify for streaming purposes I mainly use it to pitch music to people.

I've had a few people recently trying to convince me not to release my album there as independent artists get nothing from it. I did have an EP there for a few years on an independent label but never received any money from plays. Bandcamp is a great way to support artists, more transparent and the artists are supported. Now I do use Spotify as I discovered lots of music there which I then had to search for where to buy their work. Spotify doesn't even have a link to that in the platform.