As podcasts continue to establish in the mainstream, major publishers have emerged as top players accounting for almost one billion streams and downloads within a month. Data gathered by Learnbonds.com indicates that in May 2020, only ten podcast publishers attracted a whooping 893.78 million streams and downloads.
iHeartRadio, a free podcast, and radio platform top the list with 216.15 million streams and downloads in May. NPR comes second with about 208.92 million downloads. Among the top ten podcast publishers, iHeart Radio and NPR accounted for 47.6% of the streams and downloads. Newspaper giant New York Times podcasts earned the third spot thanks to the 130.28 streams and downloads recorded on the platform. In the fourth spot, there is a public radio program catalog host PRX which had 82.87 million streams and downloads. Sports-centered podcast publisher Barstool Sports closes the top five categories with 55.46 million streams in May.
Wondery emerged as the sixth most listened to podcasts with about 53.64 million streams and downloads. On the other hand, NBC News hosted podcasts that had 41.97 million streams to emerge seventh while Cumulous/Westwood One is eighth with 37.74 million streams. WNYC Studios and Kast Media podcasts occupied the ninth and tenth slots with 35.91 million and 30.74 million streams respectively.
The growing downloads and streams for the highlighted publishers is driven by various factors like marketing. However, most people might have turned to podcasts as a means of passing time while in lockdown due to the coronavirus outbreak.
South Korea emerges top in podcast popularity
The Laernbonds.com research also focused on podcast popularity across the globe by reviewing countries with most listeners as of 2019. South Korea is leading with 53% of citizens having listened to podcasts. Podcasts are also popular in Spain with 39% of citizens having listened to podcasts. In the third spot, there is Ireland with 37% followed by Sweden with 35% while the United States closes the fifth slot with 35%.
In the sixth spot is Italy with 30% followed by Canada at 29%. Podcasts are also popular in Australia (27%), France (25%), Japan (23%), Germany (21%), and the United Kingdom (21%).
The covered publishers host some of the most popular podcasts in the world, hence the huge streaming numbers. They offer a convenient, integrated channel of managing personal consumption queue from different podcast hosts and playback devices. Usually, podcasts come in episodes with a series of spoken words in digital audio files for streaming or downloading for convenient or future listening.
Most podcasts on these platforms are free to download while others have been sponsored by corporations. Some of the podcasts are business ventures supported by either a paid subscription model or advertising. With the growth of podcasts, most have been classified as disruptive media, which is adverse to the maintenance of traditional revenue models. Look like popular podcast channels with millions of subscribers will be soon bought by top tech companies which will gain much bigger audiences. As an investor one would keep an close eye on which podcast is being acquired by big giants which acts as an indicator to the share growth and either trade CFDs or buy shares of that companies.
Growing global podcast popularity
It is no surprise that iHeart Radio hosted podcasts had the highest streams and downloads in May. The platform has a large library of podcasts covering diverse topics. In 2019, iHeart Radio embarked on a mission to grow its numbers of podcast listeners. iHeart Radio launched a podcast recommendation engine to its listeners based on their audio preferences. This new feature on the app has played a major role in increasing the number of podcast streams and downloads. Additionally, iHeart Radio acquisition of Stuff Media made it the top commercial podcast publisher.
Various factors have combined contributing to the popularity of podcasts globally. A podcast is easily accessible to many people and they don’t need preparation to listen to one. In this case, anyone with a smartphone can follow a favorite podcast through various applications. The versatility of podcasts means that any listener can get their favorite content in a pool of different podcasts. Unlike traditional media, podcasts offer a sense of intimacy between the listener and the host. Through podcasts, listeners get to know celebrities and high-profile guests on a more intimate level.
Additionally, the growing popularity of podcasts is because they are adaptable to a wide audience. Listeners easily adapt to the podcast because there is room for offering feedback which is incorporated in the episodes. This ability natures loyalty among listeners. Lastly, unlike visually-based media, podcasts allow listeners to multi-task while remaining hooked to their favorite podcasts.