Not only does Spotify hold the largest market share of podcast mention volume, but this number is growing…quickly.
Many users likely saw podcasts featured on their customized Spotify Wrapped stories, released by Spotify earlier this week.
The wrapped campaign features a custom review of user listening habits. But more importantly, is a nice gut check to understand how engaged Spotify users are.
2021 recorded the highest Spotify Wrapped engagement to date.
In fact, volume was so high it sounded the alarm bells for our lead developer….we were processing a LOT of tweets…
Looking ahead, Spotify has big goals. While the company posted wider than expected losses on its last report, execs clarified it wasn’t a cash flow problem, but more a symptom of reinvestment in itself and future expansion.
We like Spotify as a long play, and it still appears to be early in the game.