Libsyn’s AdvertiseCast Marketplace Unveils March 2022 Podcast Advertising Rates

Rhea-AI Summary

Liberated Syndication Inc. (LSYN) announced the March 2022 podcast advertising rates, highlighting an average CPM of $23.43 for a 60-second ad spot. The top CPM categories were Technology ($32), Kids & Family ($28), and Business ($27). The company continues to enhance its AdvertiseCast platform, which helps brands target podcast audiences, recently acquiring Podcast Ad Reps LLC to expand its inventory. Podcast advertising spending is projected to rise, reaching over $2.7 billion by 2025, reflecting the growing market potential.

Positive

• Average CPM increased to $23.43 for March 2022.
• Top CPM categories show strong demand: Technology ($32), Kids & Family ($28), Business ($27).
• AdvertiseCast continues to expand its offerings and recently acquired Podcast Ad Reps LLC, adding over 120 exclusive shows.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- Today, Liberated Syndication Inc. (“Libsyn”), the leading ‘Podcasting As A Service’ platform, announces March 2022 Podcast Advertising Rates, including highest CPM categories. Additionally, Libsyn’s AdvertiseCast, the industry’s premier podcast advertising marketplace, is continuing to roll out enhanced advertising tools for podcast creators to grow their audiences and for advertisers to reach highly engaged listeners.

“Podcast advertising is on an accelerated growth trajectory and we’re paving the way in powering advertising for a growing number of podcast creators that are looking to monetize their shows,” said Dave Hanley, Chief Revenue Officer at Libsyn’s AdvertiseCast. “As more marketers invest in podcast advertising, we’re bringing new insights and advertising tools that demonstrate the effectiveness of the channel for reaching diverse listeners consuming a broad range of content.”

Podcasts represent one of the fastest growing channels within advertising. According to Statista, podcast advertising spending is expected to increase steadily in the near future, with 2021 figures estimated at $1.33 billion U.S. dollars. And by 2025, spending is expected to surpass $2.7 billion dollars. Libsyn’s AdvertiseCast is tapping into that growth potential by empowering brands to effectively target and reach a burgeoning and coveted podcast audience. With its growing network of over 210 exclusive podcasts and its network of more than 2,500 shows, the AdvertiseCast marketplace offers advertisers the unique opportunity to access highly sought-after podcast advertising inventory.

Recently, AdvertiseCast expanded both its offerings and inventory to increase access and simplify the media buying experience for advertisers. Just last month, Libsyn announced the acquisition of Podcast Ad Reps LLC (PAR), adding more than 120 exclusive shows – like New Rockstars Inside Marvel, The Official Yellowstone Podcast, and Almost 30 – to AdvertiseCast. Furthermore, to enable monetization for more creators — both small and large shows — to monetize their podcasts, AdvertiseCast has reduced the minimum access requirement from 5,000 listeners to just 200 listeners per episode.

The AdvertiseCast March 2022 Podcast Advertising Rates

For March 2022, the average CPM rate was $23.43 for a 60-second ad spot.

The three highest CPM categories in March based on delivered advertising were:

• Technology: $32
• Kids & Family: $28
• Business: $27

About Liberated Syndication

Founded in 2004, Liberated Syndication Inc. (“Libsyn”) is the leading ‘Podcasting As A Service’ platform that empowers creators to host, distribute, monetize, amplify, and measure their audio content. In 2020, the Company delivered over 6 billion downloads and hosted over 5.8 million podcast episode files from more than 75,000 podcasts around the world. Libsyn’s dynamic, open ecosystem is designed to meet the needs of the full spectrum of podcast creators and foster the effortless creation, development, monetization, and growth of their podcasts. Brands powered by the Company include podcast creation platform, Libsyn Studio; podcast membership platform, Libsyn’s Glow; web hosting platform, Pair Networks; and Libsyn’s AdvertiseCast, the industry’s premier podcast advertising marketplace that connects advertisers with podcasters. Visit libsyn.com or investor.libsyn.com for more company information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220401005369/en/

Media Contacts: Ray Yeung + Nancy Zakhary | ray@relev8.co + nancy@relev8.co

Source: Liberated Syndication Inc.