Online audio ad revenue to soar to $16.6bn this year
New data from WARC Media paints a rosy picture.
For podcasters, the signal is steady growth rather than a boom. Podnews reports that WARC Media expects online audio ad spend to rise 9.9% to $16.6bn globally this year, and a further 7.5% next year. Podnews's headline says "mn", but the text gives billions, so we've corrected it here. WARC's forecast for ad spend overall is 11.9%, so audio may be growing without gaining ground.
The more telling figure is concentration. WARC says Amazon, Alphabet and Meta will take 59.7% of all ad revenue outside China. If your show earns from ads, it's worth asking which platforms and networks sell your inventory, and how much of that growth reaches creators.
It also shows how many ways there are to earn a living as an influencer, however much you hate that word. Selling things, voiceovers, podcasting: sometimes it's just your voice. If you've got home studio equipment, put it to use.