Podnews - Spotify - €200m from podcasts last year

What no Joe Rogan? And Spotify throws shade on RSS, calling it outdated
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  • Spotify held a virtual Investors Day, with speakers from the company including Maya Prohovnik, above. The company said it brought in around €200m ($215m) in podcast revenue last year. Podcasting lost the company €103m ($110m), though is expected to turn a profit within two years.

  • In her comments, Maya Prohovnik, who oversees Spotify’s creator tools across podcasting, described RSS as “outdated technology”, and said they have been able to replace it for their on-platform distribution. She also claimed that every new Anchor show brings 2.5 new monthly active users to the Spotify platform.

  • Crooked Media and Adobe have partnered to add closed captions to their podcasts on video platforms.

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