The Murky Metrics of Podcast Success
The Town with Matthew Belloni
The Ringer
4.3 • 1.1K Ratings
🗓️ 5 December 2023
⏱️ 30 minutes
🧾️ Download transcript
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| 0:00.0 | For all your fantasy football needs, check out the ringer fantasy football show with me, Danny Highfetz and Craig Horlebeck. |
| 0:07.9 | That's the ringer fantasy football show on Spotify or wherever you get your podcast. |
| 0:14.7 | It is Monday, December 4th. |
| 0:17.5 | If you're listening to this show, it means you're one of the 1.7 billion people who listen to at least one podcast this month worldwide. |
| 0:25.0 | That number is from Deloitte, the consulting firm. |
| 0:27.7 | It's actually their prediction for monthly listeners starting next month for 2024. |
| 0:31.8 | A big increase. |
| 0:33.2 | The estimated annual global revenue for podcasts will be $3.5 billion. |
| 0:38.0 | That's a 30% gain from this year. |
| 0:40.3 | But it's actually not that much revenue considering the audience. |
| 0:43.7 | It's only about $2 a listener per year. |
| 0:46.5 | By comparison, streaming music services get about $31 a listener, according to this study. |
| 0:51.7 | Audio books get $26. |
| 0:54.0 | Those are mostly paid subscription services. |
| 0:56.3 | And most podcasts, as we know, are free. But even radio gets $10 a listener. The point is that |
| 1:02.0 | podcasts are growing, but they're not very profitable, at least compared to other media, |
| 1:06.7 | meaning there's a ton of podcast content out there and the monetization is still not great. |
| 1:12.2 | That's partly because the audience for shows is so hard to quantify. |
| 1:15.6 | Success and failure in this business is very, very murky. |
| 1:18.9 | There are the big shows, we all know, the Joe Rogans, SmartList, Bill Simmons podcast, |
| 1:23.8 | tons of crime shows you've probably never heard of that are actually huge. But beyond that, |
| 1:29.2 | the dirty secret of podcasts is that most of them have almost no audience. And the audiences are |
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