Welcome to Hot Pod, a newsletter about podcasts. This is issue 111, published March 14, 2017.
Infinite Dial 2017. The latest Edison Research report capturing the size of podcast listening audience is in, and growth continues to look pretty solid. However, just how we should feel about that growth appears to be a debated question among some pockets of the community — there were, to be sure, many observers who were expecting a greater acceleration in listeners following a year of solid media exposure to the medium, and they didn’t quite see that this year.
Before jumping into the numbers, some background: the Infinite Dial report comes from Edison Research in partnership with Triton Digital, and it examines consumer adoption of digital media with particular emphasis on audio. It’s also the most reputable independent study that has researched the state of podcast listenership since the medium’s inception, with data going back to 2006. The study is survey-driven, offering a complementary data source for an industry largely defined by a black box platform and which possibly looks to further fracture across several other black boxes as it moves into the future. Which is all to say, the study presents us with the closest, most trustworthy read of the actual market we’re dealing with.
You can check out the whole report on the Edison Research website, but here are my top-line takeaways:
(1) Steady, unsexy growth?
The share of Americans who report being monthly podcast listeners (the key metric in my mind) is now 24 percent (67 million), up from 21 percent (57 million) the year before. That’s a 14 percent (or 3 percentage point) growth year-over-year. The story is more dramatic if you take a longer view: Over the past two years, monthly podcast listening has grown by 40 percent.