Acast, the world’s largest independent podcast company, is blasting out celebratory vibes over a milestone: Full-year profitability for 2024. This first-ever announcement comes on the heels of Acast’s profitable Q4 release.
“Acast has officially hit profitability. Which is a huge milestone for any company, and a massive achievement.” — Ross Adams, CEO, Acast (Video announcement HERE.)
Acast hosts over 140,000 podcasts, and sells commercials in those shows to 3,300 advertisers. That portfolio enters the ears of more than a billion quarterly listeners, according to Adams. Creators receive a cut of that revenue, totalling $440 million overall since the company’s inception (not a 2024 metric).
“It is a huge time for the business of podcasting, as we continue to evolve,” Adams says in a celebratory video. Not least through the moment happening right now, with video and omnichannel in the podcasting landscape. For us, this is just the tip of the iceberg.”