Podcasting Is a Bright Spot amid Declining Digital Radio Spending
Digital radio spending has declined during the pandemic, which is in line with reduced advertiser demand. But podcast advertising remains a bright spot of growth within digital radio. Spending on all types of podcast ads, including host-read sponsorships, will rise by 10.4% this year to more than $780 million. Next year, podcast ad spending will surpass $1 billion in the US for the first time as growth rebounds to 44.9%. That will boost podcast advertising to almost one-quarter of the digital radio ad market.
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