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Acast grows in the US
Podcast |
Podnews Daily
Publisher |
Podnews LLC
Media Type |
audio
Categories Via RSS |
Daily News
News
Technology
Publication Date |
Nov 06, 2024
Episode Duration |
00:03:38
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Acast grows in the US
  • Acast released its Q3/24 financial report. Sales grew by 12% year-on-year to US$45.6mn, including North America growing at 29%; Europe as a whole saw just a 3% growth, and comments from Ross Adams seem to suggest Acast UK is finding it especially tough. The company remains on track for “positive EBITDA” for the year, though made a loss of US $0.6mn in the quarter.
    • Acast shows are getting more ad-heavy, though. “In Q3, we introduced an additional ad marker, allowing podcasters to add a second midroll ad slot into their episodes, boosting their monetization potential with increased ad inventory.”
    • Acast blames Apple’s iOS 17 changes for a drop in listens of -15%. A decrease of -15.2% was also reported by Podtrac earlier in the year. We covered the iOS 17 changes in full.
  • Spotify will announce a new tie-up with airline Emirates today, with emirates.jpeg">promotion on the airline’s in-flight front page for Trevor Noah’s podcast, and a emirates2.jpeg">mix of podcasts and music playlists on the system. Our Editor spotted the collaboration earlier this week.
  • PodX-owned Platform Media have acquired a majority stake of the world’s biggest rugby show, The Good, The Bad and The Rugby. Platform Media has produced and commercialised the show since its inception.


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