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Acast up, Audacy down
This article is at least a year old
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Acast released its financial report for Q3/22. Revenue was SEK 321m ($29.8m), up 21% y-on-y, or 1.9% q-on-q. It claimed 1.3bn listens, with average revenue of SEK 0.24 per listen ($22 per thousand listens). It made a loss in the quarter of SEK65m ($6m), though improved its profit margin.
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Audacy published its financial report for Q3/22. Digital, including podcasting, made $62m in the quarter: up 2% y-on-y, down 10% q-on-q. Total revenues declined 3.8% y-on-y. The company is threatened with stock market delisting; stock hit a record low of $0.27 yesterday.
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Audacy’s problems may help inform where podcasting goes next. Sounds Profitable with Red Circle this week looks at radio’s warnings for the podcast industry . In part two of his essay, Tom Webster warns us to do more research, respect your audience, focus on under 30s, and don’t forget a bad dancer by the side of the road.
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Exclusive: Growth oriented podcast hosting platform Captivate has just announced a significant increase in its tier download limits, all of which have been at least doubled. Customers get their new, permanent, limits applied today.
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Podtrac released its US podcast rankers for October. iHeartPodcasts remains #1 podcast publisher; Wondery remains #1 podcast sales network; The Daily remains #1 podcast by total audience. The ranker remains incomplete - measuring participating publishers only.
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Veritone published its financial report for Q3/22. It made a loss of $5.7m.
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WTHR reports on audiochuck, the podcast producer owned by Ashley Flowers. The company, based in Indianapolis, now has over thirty employees.
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The Podcast Host is running the Indypod Census, which they call the first international exercise focusing exclusively on independent podcasters and their needs. You’ve until Dec 9 to fill it in; the results will be unveiled in an online summit on Jan 26. You can take part here.
Podcast News - with CBC Podcasts
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Podcast ads in the wild
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Companies mentioned above:Acast
Audacy
Captivate
Chartable
Podtrac
Sony Music Entertainment
Sounds Profitable
Team Coco
Wondery
Podcast data for Nov 9
#1 in Apple Podcasts Back to the Beach with Kristin and Stephen (Dear Media)
Global News Podcast (BBC World Service)
#1 in Spotify The Joe Rogan Experience (Joe Rogan)
The Psychology of your 20’s (The Psychology of your 20’s)