This week is the last of April, and it looks to be an exciting time for audio-based content. Today, Spotify released their financial results for the quarter, reporting that they have over 500 million users (515 million to be exact) as of April. This is a noteworthy accomplishment, however the revenue fell short of expectations despite podcast ad revenue experiencing a 20% increase since last year. Spotify CEO Daniel Ek further elucidated that the platform is likely done with the big spending on podcasts. We will talk in-depth on this below.
Spotify is a digital music, podcast, and video streaming service founded in 2008. It has been immensely popular since its inception and is currently available in 92 countries and regions. It has different subscription plans for users and also caters to businesses that offer podcasters and artists an opportunity to upload and promote their original content.
Tom Brady is an American football quarterback for the Tampa Bay Buccaneers. He is a seven-time Pro Bowler and four-time champion with the New England Patriots Super Bowl. Most recently, he became embroiled in an AI-powered fight against an AI-powered quarterback. He was part of a charity tournament supporting Intrepid Fallen Heroes, an organization that assists those in the Armed Forces.
OWN and SiriusXM are two of the biggest audio streaming providers. Recently, the two companies announced a renewal of their existing partnership. This extension allows SiriusXM to continue airing various OWN shows and documentaries including some of their most popular ones. This collaboration also gives SiriusXM a share of the revenue for the OWN shows.
