Tuesday, December 12, 2023

Podcast Trends: Insights from Spotify's 2023 Report - Host-Read Podcast Ads Beats All Other Forms of Advertising


Today we're diving into the 2023 Spotify podcast trends report. This report has definitely sparked some interesting discussions in our industry, and I can't wait to share some of its findings with you.

One of the standout trends this year is the profound influence of podcast hosts on purchasing decisions. Yes, you read that right! Podcast hosts are more influential than social media influencers, according to 75% of US consumers. This finding truly resonates with us at TWiT, as our fans have always shown a strong trust in our recommendations. Trust, we've found, is a priceless commodity in our industry, something that can only be earned with consistent, reliable, and expert content; something we never fall short in.

Interestingly, we've also seen a notable surge in podcast listeners aged 45 and above. This is a demographic with not only more disposable income but an insatiable desire for lifelong learning. And it's not just about the numbers; our own fans are a testament to this trend, with 72% of our audience aged between 25 and 54, and 78% being college graduates or possessing advanced degrees. Brands, it's high time you pay attention to this untapped potential.

Let's not forget about the magic of podcast advertising. When brands advertise in podcasts, they become part of an authentic, intimate environment built on trust and genuine connection. This is precisely why our listeners, 99% of whom listen to most or all of our podcast episodes, value the brands we choose to associate with.

Last but not least, let's talk about Spotify. With the recent podcast metrics from Edison revealing that Spotify is the most used podcast platform in the US, it's clear that Spotify is a force to be reckoned with in the podcasting industry.

In conclusion, the 2023 Spotify podcast trends report is a goldmine of insights that could help brands flourish in this ever-evolving space. I'd urge all brands to take a closer look at this report and start rethinking their strategies.

Stay tuned for more updates and insights from the world of podcasting. If you're a brand looking to explore podcast advertising opportunities with TWiT, don't hesitate to reach out. Together, we can achieve your growth goals. Reach out to us at advertise@twit.tv today and secure your spot in 2024 while you still can.