Sponsored by CoHost. Discover what drives podcast downloads with CoHost's Tracking Links, a Chartable SmartLink alternative. Trusted by leading creators, brands, and agencies: sign up for a free 7-day trial. Spotify announced a set of new features for creators at its Now Playing event in Los Angeles, with Gustav Söderström announcing its podcast (and video) hosting platform has been renamed to Spotify for Creators. Eligible creators in the US, UK, Canada and Australia are able to join the brand new Spotify Partner Program, which earns money from podcast audio ads (both on and off the platform), and, from early next year, revenue based on how much your video podcast is streamed by Premium users. (The videos will appear uninterrupted and ad-free for those users). Eligibility for the Spotify Partner Program requires you to use Spotify for Creators to host your podcast (or Megaphone in some cases); and you need at least twelve episodes, 2,000 unique Spotify users in the last month, and 10,000 streamed hours in the last month. (YouTube, by comparison, needs 1,000 all-time subscribers, but 4,000 streamed hours in the last year.) Spotify also announced that it’s now possible to upload video clips and video thumbnails for every episode. The event happened in Spotify’s Los Angeles studios, in front of around 150 creators including Stephen Bartlett, Meghan Trainor, Jay Shetty, Emma Chamberlain and Don Lemon. Halsey played an acoustic set and there were a number of sessions. In one of them, when asked what his favourite thing about podcasting was, Geoff Chow, Head of Podcast Studios at The Ringer, said that it was that podcasts are open. (Admittedly, after saying that his favourite thing about podcasting was Bill Simmons.) Podnews is here as a guest of Spotify. On Tuesday, Spotify announced its Q3/24 financials. The company reported record income, record gross margin of 31.1%, and revenue up by 21% year-on-year. It made $32mn profit in the quarter, and is on course to post a yearly profit for the first time. Spotify is now used by 640 million active users every month. Ad-supported revenue, including advertising in podcasts, grew 6% year-on-year. However, yield appears to be an issue: the company noted that “podcasting advertising was driven by growth in impressions sold, partially offset by softness in pricing.“ > > > Read more of today’s podcast industry news stories on the Podnews website: and get our free daily newsletter.Classifieds - your job or ad hereHURRY! Only 5 slots left for the $97 Podcast Audit — Podcast Audit covering cover art, titles, intro/outro, format, sound quality, SEO, show notes, discoverability, website, social, and more. Use coupon code PODCASTAUDIT400 at checkout to save $400!🎧 Grow Your Podcast Downloads & Subscriptions! — AudienceLift.com - AI Audience Growth For Podcasts used by major podcasts, networks and agencies. Grow audience, build your own database of push notification subscribers. See How it Works Now!AI Powered Podcast Summaries Sent to Your Inbox — Keep up with your favorite podcasts with PodSnacks! Receive bite-sized, AI-generated episode summaries directly to your inbox and save dozens of hours of listening time! Follow 25 shows for free! Gold supporters: Buzzsprout, Mowpod, Mamamia, The $100 MBA, Sounds Profitable, Cloud10, The Podglomerate, Simplecast, Resound, Podscribe, Audiohook, RedCircle, SALT, audioBoom, Steve Lack: Audio, Riverside.fm, Jar Audio, Podchaser, Awesound, Libsyn, Evergreen Podcasts, We Edit Podcasts, Knucklehead Media Group, Acast, Podpage websites, DisctopiaSilver supporters: Audacia Audio, Gamut Podcast Network, Bumper, Goalhanger, PodLabs - Podcast Experimentatio, Magellan AI, Podium , Frequency, ARN's iHeartPodcast Network Aust, Ask Ralph Christian Finance, The Podcast Haven, SoundStack, Deepcast Creator, The Roost, Gilded Audio, Geopolitics and Empire podcast a, Huberman Lab, Tink Media, Gumball, Compliance Podcast Network, Storyboard, Castbox, Red Seat Ventures, Ausha, Jonekiri, PlayPodcast, Truefans, Voxtopica, POW PR, Podcastpage, Message Heard, Health Podcast Network, Castos, Sonic Influencer Marketing, Rhapsody Voices, Diversion Podcasts, Optimal Living Daily, Headliner, Blubrry, Wondery, Lemonada Media, matchmaker.fm, Transistor, Podcast Taxi, Jam Street Media, Ossa Collective, Oxford Road, Rephonic, Heartcast Media50, Double Elvis Productions, Zvook, Hear.Here.Singapore, StreamGuys, Ad Results Media, Podcast Partnership, Content10x, She Podcasts, Cleanfeed, Revolver Podcasts, Sonix, Podigy, Podcast Movement, Adopter Media, School of Podcasting, Lower Street, Signal Hill Insights, Edison ResearchOur supporters pay for Podnews, so everyone can read it. Join them today.