Libsyn Q2 revenue and net income inch upward

Liberated Syndication, often known as Libsyn, has filed its financial reports for the quarter ending June 30. The podcast company posted revenue of $5.7 million, up from $5.3 million in the year-ago period. Podcast hosting generated the bulk of Libsyn’s revenue, supplying $3.3 million, while hosting services provided nearly $1.9 million in revenue. Net income was $847,979, or 3 cents per share, compared with $822,566, or 3 cents per share, in income during the previous year’s second quarter. The Libsyn platform had 64,000 shows during the period and it attracted unique monthly audiences of 116 million.

“Continued growth in unique monthly audiences and notable new content at Libsyn, coupled with strong operating performance at Pair, drove Liberated Syndication’s robust second quarter financial results,” CEO Chris Spencer said. “We have made great strides executing on our growth strategy, including launching a Spanish language podcast and further engaging with an ever-growing listener base. Our focus on offering our expanding customer base industry-leading services through Libsyn and Pair fuels our confidence in our ability to continue delivering in the second half of 2019 for our podcasters, our listeners, and our shareholders.”

Anna Washenko