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Renee Wang, CEO of podcast platform Castbox, was interviewed on “Bloomberg Daybreak: Asia” where she said with their 30 million registered users and 3 million daily users Castbox is the biggest pure-play app on the market today.
And of course the interviewer from Bloomberg called Castbox the Netflix of podcasting, a term the media throws around on a weekly basis now, depending on the company they interview. In the interview Wang said she didn’t mind that Castbox was being called that, by the way.
Castbox is not yet a profitable company but Wang says she sees a path to profitabilty by charging for some content. And she says there’s now more of a trend where people are willing to pay for high quality audio content. Wang predicted Castbox will be cashflow positive by the end of this year.
Watch the four minute interview with Wang HERE.