![]() Two years ago, Spotify removed several episodes of a show hosted by Jones for “violating our hate content policy.”ĬEO Daniel Ek addressed the recent controversy during Thursday’s earnings call, saying the company is focused on “consistently applying” its content policies. Thursday’s earnings report comes amid a week of backlash against Spotify after Joe Rogan hosted right-wing conspiracy theorist Alex Jones on his podcast Tuesday. Spotify said podcast listening is growing with 22% of monthly active users engaging with that content, up from 21% the previous quarter.īut Spotify has opened itself up to controversies and criticism as it invests more in the podcast industry. While Spotify makes the vast majority of revenue from paid subscribers, ad-supported revenue grew 9% in the third quarter of 2020 compared to the year prior. Spotify reported that its advertising revenue has rebounded, which it partly attributed to podcasts, and consumption hours in the third quarter surpassed pre-pandemic levels. 1 show on its platform globally in July and August. Spotify also said “ The Michelle Obama Podcast” was the No. 1 show in its English-speaking markets and it “outperformed our audience expectations,” after the podcast was added to Spotify on September 1. The company on Thursday said “The Joe Rogan Experience” is now the No. ![]() But the audio streaming platform is also paying the price for the spread of misinformation. (SPOT) is reaping the financial rewards of betting on podcasts.
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