More financials, and Podcast Upfronts is today in New York
This article is at least a year old
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Audacy published its Q1/23 financials. Excluding the loss of Crooked Media (which switched to SiriusXM in May), podcast revenues would have been up 14%; but they fell in real terms (the company didn’t say by how much). However, locally-produced podcasts are the most profitable part of the business, the company said.
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Meanwhile, The New York Times Company published its Q1/23 financials. Digital advertising revenue fell by 8.6%, mainly due to lower revenue from podcasts.
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A correction to our coverage of Acast’s Q1 financials yesterday: the announcement of a 15% staff reduction last year was, we’re told, based on staffing levels in Q2, excluding Podchaser. By Q1/23, Acast staffing had reduced by 83 people, a 19% reduction. We’re grateful for the correction.
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Doing something great in podcast measurement? Does the idea of a 14-hour plane ride fill you with joy? Have you ever seen a kangaroo or a koala? IAB Australia is looking for submissions to speak at their MeasureUp conference in Sydney NSW on Sep 13.
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Meanwhile, IAB UK has unveiled a campaign against #clickheads - marketers who just measure click-through rates. The tool recommends cross-media measurement and effectiveness - though doesn’t mention podcasting, or audio, once.
- The IAB in the US is running Podcast Upfronts today: a round-up of some of the announcements comes in tomorrow’s Podnews.
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In France, Paradiso Media has acquired Binge Audio, one of France’s biggest podcast publishers. The combined company will have 50 employees in Paris, Los Angeles and New York, and more than 170 shows.
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Boomcaster has released v2 of the podcasting and live-streaming platform. The new version includes transcripts and closed-captions, an improved screenshare function, and automatic file generation.
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The owner of The Podcast Bus, who we mentioned last month, has had $25,000 of podcasting gear stolen.
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Triton Digital has entered into an agreement with Audacia, an ad network focusing on the Asia Pacific region.
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Google unveiled a new household tablet with dock. During the launch the company, which owns YouTube, promoted Spotify as a way to listen to podcasts on the device. 🤦
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Companies mentioned above:
Acast
Podcast data for May 11
#1 in Apple Podcasts
Wiser Than Me with Julia Louis-Dreyfus (Lemonada Media)
Believe in Magic (BBC Radio)
#1 in Spotify
The Joe Rogan Experience (Joe Rogan)
Sex.Life (ZM Podcast Network)
Over the last week, 216,566 podcasts published at least one new episode (down 1.6%). source