Connect with us

Hi, what are you looking for?

Assets Under ControlAssets Under Control

Tech News

Spotify’s transformed podcast business may actually be profitable this year

Image: The Verge

This is Hot Pod, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more.

After last week’s big deal announcements, Spotify reported its fourth quarter earnings. The company is still operating at a loss, but the margins on podcasting do seem to actually be improving. I have more on that below, plus what it cost for the company to get there. Oh, and still no HiFi.

Plus, I’ve got some more Hot Pod Summit programming announcements.

After slashing jobs and ending exclusivity, Spotify may finally have a profitable podcast business

On a call today, Daniel Ek told investors what they have wanted to hear about podcasting for a long time. “I’m pleased to say in Q4, we were very close to breakeven on that business,…

Continue reading…

You May Also Like

Editor's Pick

Jeffrey A. Singer Three years after its first‐​in‐​the‐​nation drug decriminalization measure (Measure 110) went into effect, Oregon’s lawmakers are poised to re‐​criminalize possessing and...

Tech News

Image: Will Joel / The Verge From reading in the bath to scribbling notes in the margins, from diving into the Amazon ecosystem to...

Editor's Pick

David Kemp and Peter Van Doren One year ago, a freight train derailed in East Palestine, Ohio causing a leak of hazardous chemicals and a large fire....

Editor's Pick

Scott Lincicome Last Friday’s Department of Energy (DOE) move to temporarily pause pending requests to export liquefied natural gas (LNG) outside the United States...

Generated by Feedzy