Ricky Saiz directed the video, which is set in the Louvre museum in Paris and both artists used the album to call out those they are unhappy with.
Everything is Love, thematically, appears to be the final instalment in a trilogy of albums released by Beyoncé and Jay-Z, documenting the ups and downs of their marriage.
The music video for the track "Ape Sh*t" also dropped on YouTube Saturday.
The lyrics seem to confirm that Jay-Z turned down an offer to play the Super Bowl halftime show.
The creation of The Carters and the release of the group's first album, "Everything Is Love", confirms years' worth of rumors that the couple was working on a joint project. Which has us desperate to know if they'll be debuting this new music when they hit the stage in Amsterdam on June 19!
"[I was] really proud of the music she made, and she was really proud of the art I released".
"Every night we in the endzone / Tell the NFL we in stadiums, too", he raps, likely referring to the racial dynamics in American football where nearly entirely white owners employ mostly African American players.
Beyonce introduces the album's overriding message of romantic bliss on the first track, Summer, singing: "I want to drown in the depths of you".