Spotify's Podcast Investments Are Starting to Bear Fruit

·3 min read
Spotify's Podcast Investments Are Starting to Bear Fruit

Spotify (NYSE: SPOT) has invested heavily in podcast content and technology over the last few years. From content acquisitions and productions to building and acquiring the technology behind the creation, distribution, and monetization of podcasts, Spotify has its hands in nearly every aspect of the industry now. Podcast revenue increased more than sevenfold year over year in the second quarter, CEO Daniel Ek shared in his prepared remarks at the top of the earnings call.

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