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