What is a Podcast Today in 2025 and Beyond

By Rob Greenlee

Shorter Version:

Podcast (noun):
An on-demand, audio and or video episodic program, often conversational, narrative, or thematic in nature, distributed through open RSS feeds or proprietary platforms. While primarily audio, many podcasts include video versions and may be freely available or offered through paid subscriptions, existing as ongoing series or limited-run shows.

Longer Version:

Podcast (noun):
A podcast is an on-demand, audio and or video program released in episodic format, often centered on specific themes, stories, or conversations. While traditionally audio-based, many podcasts also include video versions, which audio and video can be distributed via open RSS feeds or platform-specific. In addition to open RSS distribution, podcasts may be uploaded directly to proprietary platform distribution and offered through paid subscription-based access models. Podcasts range from ongoing series to limited-run or short-series programs, and commonly feature conversational, narrative, or thematic storytelling formats.

Peak Podcasting in the USA in 2024?

By Rob Greenlee, Spoken Life Media, and NewMediaShow.com

The podcasting industry in the USA has experienced steady and consistent growth over the past 20 years, transforming from a niche hobby to a mainstream medium. By 2024, the podcasting landscape has reached a critical juncture characterized by high awareness and saturation. This maturation phase brings opportunities and challenges as the industry navigates a plateau in audience growth and shifts in platform dominance.

High Awareness and Listener Saturation
Recent data from Edison Research and Triton Digital reveals that Americans are nearly universally aware of podcasting, with 80% of the population aware of podcasts and 67% having listened to a podcast at least once. This significant penetration underscores podcasts’ widespread acceptance and integration into everyday life. However, this saturation suggests that the more rapid growth phase of podcasting may be behind us, and the industry is now entering a period of maturation or stabilization.

Further supporting this, a survey conducted by Edison Research indicates that the number of new podcast listeners grew only by 5% from 2022 to 2023 and only up 3% from 2023 to 2024. This plateau in audience growth necessitates a strategic pivot for podcasters and advertisers, who must now focus on retaining and deepening engagement with existing audiences rather than relying on the influx of new listeners.

YouTube: The Dominant Podcast Consumption Platform?
One of the most significant perceptional trends shaping the podcasting market 2024 is the rise of YouTube as the leading platform for podcast consumption in the research data. Known for video content, YouTube’s user-friendly interface and vast audience base have made it an attractive platform for audiences to think they are watching podcasts. According to research from Media Research Group, YouTube now accounts for 30% of all podcast consumption in the USA, rivaling traditional audio-only platforms.

This shift towards YouTube underscores the evolving nature of podcast consumption. Listeners increasingly favor platforms that offer a seamless and integrated experience, combining audio, video, and social engagement. For podcasters, leveraging YouTube’s algorithms and expansive reach can drive potentially higher visibility and audience engagement with a YouTube-specific strategy. However, it also demands a reevaluation of content strategies to incorporate visual elements and optimize for video-consuming audiences.

Spotify’s Dominance Beyond the USA
While YouTube is a key leader in the podcast consumption race in the USA, Spotify maintains a stronghold in international markets. Spotify’s aggressive expansion and strategic acquisitions have positioned it as a global podcasting powerhouse. The platform’s user-friendly interface, personalized recommendations, and exclusive content have attracted a substantial listener base outside the USA.

Research by the Global Web Index shows that Spotify commands 40% of podcast listeners in Europe and 35% in Latin America. Spotify’s dominance is particularly pronounced in these regions, where the platform invests heavily in localized content and partnerships. This international focus provides Spotify with a diversified audience base and revenue streams, mitigating the impact of market saturation in the USA. For podcasters with global aspirations, Spotify remains a crucial platform for reaching diverse and engaged audiences.

Decline in Podcast Advertising and Investment
Despite the high levels of awareness and engagement, the USA podcasting market faces challenges in advertising and investment. According to an Interactive Advertising Bureau (IAB) report, podcast advertising revenue grew by only 5% in 2023 for $1.9 billion, a stark contrast to the double-digit growth rates in previous years. We have yet to see if 2024 reaches the IAB projected 12% growth to $2.6 Billion in advertising revenue. Advertisers are becoming more cautious, scrutinizing the return on investment and reallocating budgets to other digital channels that offer more measurable and immediate results.

Broader economic factors compound this shift in advertising dynamics. The uncertainty in the global economy and tightening marketing budgets have led to a more conservative content safety and suitability approach to podcast advertising. Additionally, the proliferation of podcasts has led to audience fragmentation, making it more challenging for advertisers to achieve the same impact as they did during the medium’s early boom years.

Investors, too, are reevaluating their approach to the podcasting market. While there is still interest in innovative content and platform developments, the fervor for pouring large sums into podcast startups has tempered. According to PitchBook Data, investment in podcast-related ventures declined by 15% in 2023 compared to the previous year. Investors seek more sustainable and proven business models, focusing on profitability and long-term viability over rapid growth and market share.

The podcasting market in the USA has undeniably matured
Podcasting has reached a peak in terms of awareness and listener penetration. The dominance of YouTube as a podcast consumption platform and Spotify’s strong international presence illustrate the shifting dynamics within the industry. However, the current decline in podcast advertising and investment signals a need for strategic adaptation.

As the podcasting landscape evolves, stakeholders must focus on creating high-quality, engaging content while exploring new monetization strategies. The era of rapid growth may be over, but the potential for sustained success in a mature market remains promising.

What is Considered a Podcast in 2023? Convergence of Audio and Video Replayed Again

By Rob Greenlee, Co-Host of NewMediaShow.com and Host of Trust Factor with Rob Greenlee

Rob Greenlee

Podcasting has always been an audio and video medium, plus PDF files, a user request-based distribution and consumption medium. Some more recent medium participants and consumers think that podcasting is an audio-dominated distributed medium via RSS feeds. These folks are incorrectly perceiving podcasting as an audio-only medium.

Podcasting is becoming so much more TODAY.

The podcasting landscape has been shifting for a few years, especially with platforms like YouTube and Spotify bringing back the focus to video AGAIN and blurring the lines between audio and video content. The question is, who started this evolution back to more videos? was it viewer consumers of videos on YouTube or YouTube and Spotify? Well, I think YouTube and Spotify and platforms like StreamYard and Zoom are all contributing to this expansion of perception of what a podcast is TODAY. So, as we navigate the media world of 2023, what constitutes a podcast?

The Traditional Definition of a Podcast:
Historically, a podcast was a series of spoken-word content focusing on various topics. These audio and video recordings were distributed through RSS feeds as MP3 and MP4 media files to be downloaded or progressively downloaded playback, allowing listeners to follow and access new episodes on their devices.

The YouTube Podcasts Paradigm:
In an intriguing move, YouTube has begun to classify video playlists as podcasts, especially when these playlists follow a thematic or episodic structure similar to traditional podcasts. By integrating these “video podcasts” into its new YouTube Music area, the platform acknowledges the convergence of music, spoken word content, and visual elements. This move expands the definition of podcasting by suggesting that when serialized and thematic, visual content is increasingly perceived by YouTube viewers as much as a podcast as an RSS-only distributed audio and video counterpart.

Spotify’s Video Foray:
Not to be left behind, Spotify is dabbling and expanding into video content, which is increasingly being seen as Spotify expanding into video podcasting. Though Spotify initially launched audio podcast content, it now provides creators with tools to publish videos directly alongside their ingestion of audio files from podcast RSS feeds. This move positions Spotify as a competitor to YouTube in the “video podcast” space, reflecting the changing consumer appetite for versatile content that can be watched and or listened to.

Implications for Content Creators:
For creators, these changes mean more comprehensive tools and platforms to disseminate content. They can now cater to audiences who prefer traditional audio podcasts and those who lean toward video content. This flexibility can potentially expand their reach and offer diverse monetization opportunities.

The Essence of Podcasting:
Despite these changes, the essence of podcasting remains consistent: serialized content that delves deep into specific themes, stories, or topics. Whether in audio or video format, a podcast in 2023 is about creating episodic content that resonates with its audience, offering insights, entertainment, or information in digestible chunks.

The podcasting landscape of 2023 is more diverse and dynamic than ever. With platforms like YouTube and Spotify redefining what a podcast can be, it’s an exciting time for creators and consumers. While purists might argue that “podcasts” should be reserved exclusively for audio content, the industry’s evolution suggests a more inclusive future where audio and video coexist under the podcasting umbrella. Regardless of the medium, the content’s quality, relevance, and engagement will determine its success.

Evolving Consumer Habits:
With the ubiquity of high-speed internet and advanced mobile devices, consumers in 2023 have become more platform-agnostic, seeking content that can cater to their dynamic lifestyles. They might listen to an audio podcast during their morning run but switch to the video version of the same episode while having lunch. This fluidity between audio and video has driven platforms to accommodate both formats, reflecting the multifaceted consumption habits of the modern audience.

Niche Content and Personalization:
As the definition of podcasting expands, so does the variety of content. With the inclusion of video, genres like instructional guides, visual tours, and even short episodic dramas have found a home within podcasting platforms. Personalization algorithms, powered by advanced AI, ensure that consumers are exposed to audio and video content tailored to their preferences, further blurring the traditional boundaries.

Interactivity and Immersion:
One significant advantage of live video podcasts in 2023 is the potential for interactivity. Platforms have begun incorporating features allowing viewers to interact directly with the content – polls, Q&A sessions, or clickable links embedded within videos. This interactive layer adds a dimension of immersion, transforming passive listeners into active participants.

Challenges and Critiques:
While many celebrate audio and video mergers within the podcasting realm, it’s not without its critics. Some argue that the term “podcast” is becoming too diluted, losing its original identity. There are also concerns about discoverability; with the surge in content types, it can become more challenging for consumers to find high-quality content that resonates with them. Content creators, on the other hand, may feel pressured to produce both audio and video formats, stretching their resources thin.

The Future of Podcasting:
The trajectory suggests that the term “podcast” will continue to evolve. As augmented reality (AR) and virtual reality (VR) become more mainstream, we might see podcasts not just heard or seen but experienced in immersive 3D and 360-degree visual environments. Integrating haptic feedback and spatial audio could redefine what we consider a podcast.

The Dying Era of Podcast Exclusives

By Rob Greenlee, Co-Host of NewMediaShow.com and Host of Trust Factor with Rob Greenlee

Rob Greenlee, VP of Content and Partnerships, Libsyn

Many say that we are in a time of change and need to be open to innovation in the podcasting industry. Could some of these new ideas change podcasting in ways that may slow or harm the medium with such strong and consistent growth over the past 19+ years?

There is an explosion of interest in the video at large dominant platforms like YouTube, Spotify Video, Rumble, and all the other short and long-form video-consuming platforms.

Podcasting originated 19+ years ago around the idea of open distribution that gave the potential to reach as many listeners as possible. For most of that period, it has been assumed that to be considered a podcast by strict original definition; one must distribute via an RSS feed to many listening platforms and go to where audio listeners and, back then, video viewers were too.

The idea behind podcasting was to create an eco-system that is open and filled with new innovative ideas from software developers and content creators to do their craft in a way that was not limited by gatekeepers or large companies trying to control the creative process and to a large degree the distribution of the results of that creative process.

Exclusives have been an old media construct to create control and monetization for the platform and have been less about what is best for the creator. In most cases, the listening or viewing platform or network is the only beneficiary of exclusives.

See the quote below.

“I also think it means that broadcasters, or production companies, can probably be too quick to make things exclusive. Hiding them away when they aren’t significantly famous doesn’t probably generate you that much value.”  The quote above from Matt Deegan

This topic of podcast exclusives has been evolving since the very early days of podcasting and is now declining with a challenging economy. Over the years, podcasting is still dominated by the RSS feed but has recently shifted to the model of RSS feeds being optional. That makes one go. Hmm, what is going on?

In a growing number of examples, more recently, these exclusives have meant shutting down the use of RSS feeds, and Spotify’s Anchor podcast hosting platform has made generating an RSS feed an optional ask and not a default function.

See the quote below from Spotify’s Anchor platform head, Michael Mignano, in a post earlier this past spring of 2021. This post explained the reasons for this change are that it gives the content creator more significant control over the distribution of the audio content. Still, this change at Anchor also has the unsaid benefit of getting Spotify exclusive shows on its platform for FREE in exchange for Free hosting, as their automatic ad insertion monetization strategy never reaches scale.

Greater control over which platforms ingest, publish, and monetize creators’ content: “As more and more new audio platforms emerge and look to capitalize on the growing audio space, creators must have control over which platforms are aggregating their content from the web (and in some cases, building their businesses on top of creators’ content without their consent). When a creator launches a new podcast on most podcast creation platforms (including Anchor), the platform automatically generates an RSS feed and publishes it to the open web. This published RSS feed makes it possible for any platform or website to ingest the RSS feed and display and even monetize the content. This can happen without explicit permission from the creator. As part of our distribution update, we will only generate an RSS feed if the creator explicitly wants one (and we’ll present clear options on how to do so at the time of publishing). This will ensure that each creator can explicitly publish their podcast with an RSS feed (enabling any platform to ingest, display, and monetize that content) rather than happening automatically without the creator’s consent.

Suppose you’re already an existing Anchor creator and would like to opt out of your RSS feed being published and available to be ingested by any platform. In that case, you may contact us anytime to request we change your distribution settings to your liking.” Quote from former Spotify’s Anchor platform head Michael Mignano

I do like the message and idea of giving content creators more control. We are emerging into a time when content creators or podcasters need to value their work more, and limiting access to it is one approach as Spotify Anchor is driving here, but doing it through a platform like Spotify may not be the best approach for most podcasters that are looking for growing an audience and potentially monetizing. The history of Anchor and now Spotify for Podcasters is not one with a solid history of generating and consistently publishing podcast shows with a growing audience. Still, it has been a platform full of podfaded shows.

Most shows created on the Anchor platform have exploded the false perception that the podcasting market is flooded with millions of new successful podcasts. Many now feel like it is too late to get into podcasting because it is too crowded, and the truth is it is just not too late.