The next year, it lost the equivalent of $2.2 million every day. After years of losing money, Spotify became profitable for the first time in company history in 2019. Podcast advertising accounted for 13% of Spotify's total 2021 revenue in Q3 as the streamer struggles to remain profitable, according to the Journal. On Thursday, the company announced the purchase of two podcast analytics companies, Podsights and Chartable. Spotify has invested over $1 billion in its podcasting arm, including the acquisitions of Gimlet Media, Anchor, Parcast, The Ringer, and Megaphone. ![]() "I want to thank Spotify for being so supportive during this time, and I'm very sorry that this is happening to them," Rogan said in a video posted to Instagram.
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