For Bill Simmons’s the Ringer, Podcasting Is the Main Event

Podcasting boom: Bill Simmons is producing 28 different series for the Ringer makinga huge bet on podcasts.

Quick math on downloads per episode for the Ringer:
1) 28 different podcasts
2) 35M downloads per month
3) 1.25M downloads/show/month

U.S. ad spending growth between 2016–17:
1) Podcast — ↑ 86%
2) Digital — ↑ 21%
3) Radio — ↑ 0%
4) TV — ↓ 2%
5) Print — ↓ 11%

Flashback:2018: The Year Podcasts Grew Up And Programmatic Audio Took Off

Advertising revenue per year according to PwC (YoY growth):
1) 2017 — $314M
2) 2018P — $402M (↑ 28%)
3) 2019P — $515M (↑ 28%)
4) 2020P — $659M (↑ 28%)
5) 2021P — $766M (↑ 16%)
6) 2022P — $887M (↑ 16%)

Big move #1:Spotify bought Gimlet for ≈ $230M.

Big move #2:iHeartMedia bough How Stuff Works for $55M.

Podcast series by platform:
1) Spotify — 170K
2) Pandora — 100K

Quick math on the total size of the podcast universe:
1) 578K total series
2) 12.4M total episodes
3) 21.5 episodes/series

More:Will New Measurement Standards Drive Podcast Advertising?

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