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Podcasting Platform Libsyn announced its financial numbers in a press release Friday morning. The $58.7 million is an increase over 2021 of 39.4%, from $42.1 million. Back in 2020 Libsyn’s revenue was $25.8 million.
“The advertising market has been challenging for many companies, and we have not been immune to those macro trends. Still, we remain optimistic that both host-read and programmatic podcast advertising will continue to grow as podcast consumption shows no sign of slowing down,” said Libsyn’s CEO Bradley Tirpak.