PodX Group to Acquire Award-Winning Podcast Studio Lemonada Media to its Global Network

PodX Group, a leading international podcast company, plans to acquire a majority stake in Lemonada Media, an award-winning independent podcast network. Lemonada Media experienced skyrocketing revenue and audience growth last year, and is among the top three independent podcast networks based on audience and revenue size alone. This acquisition will mark PodX Group’s first entry into the U.S. market, uniting two key innovators in the podcast industry.

Patrick Svensk, CEO PodX Group: “This is a landmark transaction, once completed, and will take both PodX and Lemonada into an even greater trajectory. Lemonada has built an extraordinary podcast network with talent and stories that resonate deeply with listeners. By joining forces, we see tremendous opportunities to amplify these stories on a global scale and continue innovating in the podcasting space. When completed, the partnership is a significant step toward our vision of a truly international podcast group, and will strengthen our portfolio and our presence in the crucial U.S. market.”

In recent years, PodX Group has brought a number of notable podcast studios together, such as Nouvelles Écoutes and Studio Minuit in France, Posta in Argentina, Oronda Studio in Mexico, Filt, Perfect Day and Suomen Podcastmedia in the Nordics, and Goldhawk Productions, Listen and Platform Media in the UK.

Jessica Cordova Kramer, CEO Lemonada Media & Stephanie Wittels Wachs, CCO Lemonada Media: “When we founded Lemonada Media in 2019 after the devastating loss of our brothers, we had a simple yet salient mission: to make life suck less. What began as a way for us to channel our own grief into something meaningful has grown into one of the biggest podcast networks in the U.S., and one that connects, heals, and entertains. Joining the PodX network would mark an exciting new chapter in Lemonada’s story. PodX’s global expertise and shared passion for impactful audio content will help amplify the voices and stories we believe the world needs to hear and allow us to work alongside best-in-class peer companies worldwide. When the deal is done, we will be PodX’s first U.S. partner, and we’re proud to bring our authentic storytelling approach to the existing global family and thrilled about the possibilities that lie ahead as we continue turning lemons into lemonade, now on a much larger scale."

Lemonada Media, known for its hits including Wiser Than Me with Julia Louis-Dreyfus, Fail Better with David Duchovny, and Confessions of a Female Founder with Meghan, Duchess of Sussex, was founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs. The network has launched over 50 original podcasts to date alongside nearly 40 partner shows.

Once the acquisition closes, PodX Group and Lemonada Media will leverage each other’s strengths to drive future expansion. Lemonada Media would continue to operate under its existing leadership, team, talent, partners and brand, while benefiting from PodX Group’s strategic support and international infrastructure.

About PodX

Founded in 2021, Stockholm-based PodX Group invests in the world’s leading podcast studios, providing access to a global network, growth capital, and business development to support international expansion and commercialisation for emerging podcast producers and creators. PodX Group is a part of Qarlbo, a Sweden-based global investment company shaped by entrepreneurship and committed to creating sustainable impact that lasts over generations.

About Lemonada

Founded in 2019 by Stephanie Wittels Wachs and Jessica Cordova Kramer, Lemonada Media is an award-winning, independent, audio-first podcast network, with a mission to make life suck less. In 2024, The Hollywood Reporter named both Cordova Kramer and Wittels Wachs among the ‘The Most Powerful People in Podcasting.’ Lemonada has created hit original series including Wiser Than Me with Julia Louis-Dreyfus™, which spent 29 days straight at #1 overall on the Apple Podcast charts and was named Apple’s 2023 Show of the Year; Blind Plea, which launched to #1 overall on the Apple Podcast charts; Fail Better with David Duchovny, which launched to #1 in Society & Culture on the Apple Podcast charts; The Pink House with Sam Smith which launched to #1 in Arts; Gracie award-winners Last Day, Believe Her and Choice Words with Samantha Bee, as well as Webby award-winners, Add to Cart with Kulap Vilaysack & SuChin Pak and BEING Trans. The company is also the creator of the audio reality™ podcast genre, and launched BEING Studios, where reality TV meets podcasting. The network also recently announced Lemonada Books, a new imprint and co-development partnership with Gallery Books, a division of Simon & Schuster.