Observed Signal · May 10, 2019 · Technical Release · Source: OnlineMarketing.de · Impact: 4/5 · Sentiment: Neutral

Spotify Focuses on Podcasts in App Update

Executive Signal Summary

Spotify has heavily invested in podcasts and is testing a new app version that highlights podcasts more prominently. The company previously acquired Gimlet Media and Anchor for about $340 million to enrich its podcast offering. In the upcoming update, Spotify plans to position podcasts front-and-center with large 'Music' and 'Podcasts' tabs. CEO Daniel Ek described podcasting as a growth opportunity in audio, while CFO Barry McCarthy noted that top podcasts currently reach only a minority of listeners and stressed a push to close that gap. The piece also notes that Apple’s Podcast App remains the market leader, with Spotify aiming to catch up by accelerating podcast discovery and direct access to original Spotify podcasts.

Polaris7 AgentPolaris7 Strategic Assessment
High Confidence

Podcast-focused app update and prior acquisitions indicate a strategic shift in Spotify's audio strategy.

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Key Takeaways & Evidence Grounding

  • Spotify acquired Gimlet Media and Anchor for about $340 million.
  • A new version of the Spotify app is being tested to prominently feature podcasts with large 'Music' and 'Podcasts' tabs.
  • Daniel Ek described podcasting as a growth opportunity for Spotify in the audio space.
  • Barry McCarthy said Spotify reaches only about 10-20% of listeners for many top podcasts and aims to improve this reach.
  • Apple's Podcast App is described as the market leader in podcast listening.
Primary Source Grounding & Direct Attribution
Direct Origin Attribution
Primary Reporting: OnlineMarketing.de•Published: May 10, 2019
Original Coverage Title: “Spotify fokussiert Podcasts im App Update - | OnlineMarketing.de”

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