In 2017, Daddy Yankee, in collaboration with Latin pop singer Luis Fonsi, released the hit single "Despacito". It became the first Spanish-language song to hit number one on the Billboard Hot 100 since "Macarena" in 1996.[16] The single gained global success. The video for "Despacito" on YouTube received its billionth view on April 20, 2017, and became the most-watched video on the platform. Its success led Daddy Yankee to become the most-listened artist worldwide on the streaming service Spotify in June 2017, the first Latin artist to do so.[17][18] In March 2022, Daddy Yankee announced that he would be retiring from music after the release of his seventh studio album Legendaddy and its supporting tour.[19]
On March 21, 2022, Daddy Yankee announced his seventh and final studio album Legendaddy, which released on March 24,[73][74] alongside its supporting tour, due to run from August to December.[75] He also announced that he plans on retiring from music after completing the tour.[76] On January 26, 2023, Rauw Alejandro released the single "Panties y Brasieres" with Yankee.[77][78][79] On February 17, Yankee released the single "La Hora y el Día" with Justin Quiles and Dalex. On June 2, Yankee released the single "Beachy" with Omar Courtz. On June 16, Yandel released the single "Yankee 150" with Feid and Yankee. On June 26, Tainy released the single "La Baby" with Yankee, Feid and Sech.