Does using Hoopla financially help the comic industry?

This year I've fallen in love with the medium of reading comic books and graphic novels. I have my pull lists and buy some TPB. But most of my reading comes from reading on my phone through Hoopla.

Just wondering how Hoopla works with publishers? Does the library pay a large fee to get the IP?

My library has an amazing collection of books and I've been able to fly through stories I loved without spending thousands on TPBs or deluxe editions.