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Research / Insights on current and emerging industry topics

Podcasting reshapes audience engagement and brand connections

September 24, 2024 | By Rande Price, Research VP – DCN

The evolution of the podcast industry is nothing short of remarkable. Once a niche hobby, podcasting has become a mainstay format in the media landscape, driving entertainment, engagement, and brand connection. Creators are critical to this thriving ecosystem, crafting compelling stories that have done nothing less than revolutionize modern media. The Podcast Trends Report delves into five significant trends in the podcasting world, all viewed through the lens of the creators, which highlights opportunities in this dynamic medium.

Many creators are capitalizing on the podcast opportunity. These creators aren’t just hosting shows; they’re cultivating networks of content that engage listeners across devices and formats. From true crime investigations to heartwarming advice, diverse topics have allowed podcasters to build dedicated fandoms who consume their content religiously. In fact, over half of podcast listeners say they can’t get enough of their favorite shows. To meet this insatiable demand, creators are expanding into new formats like video podcasts, giving audiences a multimedia experience that enhances traditional audio storytelling.

For creators, this expansion means more than just increased visibility. It’s about crafting a holistic entertainment ecosystem that keeps listeners engaged across multiple platforms, allowing for a deeper connection between creators and their audiences. Networks like Team Coco, led by Conan O’Brien, have leveraged their star power to expand into YouTube, video sponsorships, and social media campaigns, proving that podcasts are more than just a “side gig”—they’re the center of today’s media universe.

A media mainstay

Podcasts have evolved beyond being an optional addition to media plans. They effectively drive full-funnel results, provide incremental reach, and create real brand impact. With advancements in advertising technology, brands are tapping into the power of podcasts more than ever. The reach of podcasts extends far beyond audio, with over 13 million monthly listeners consuming audio and video content. This cross-format potential has positioned podcasts as a vital tool in modern media strategies.

Brands like Kia have recognized this potential, utilizing podcasts in campaigns across multiple platforms, from host-read ads on popular shows to video content on YouTube and social media. Such campaigns demonstrate the versatility of podcasts and their ability to serve as a dynamic, multi-channel touchpoint for brands seeking to reach an engaged, loyal audience.

Growth of video podcasts

While audio remains the core of podcasting, video podcasts are quickly gaining momentum. For creators, video presents an opportunity to expand their content’s reach, tapping into audiences on platforms like YouTube. For advertisers, video podcasts offer a new avenue for creative ad placements incorporating visuals, making capturing attention and driving engagement easier. The growth of video podcasts is still in its early stages, but the upside is clear: fans are willing to follow their favorite shows across mediums, and brands that embrace this format stand to gain.

Creators who pivot into video extend their brand’s footprint and foster deeper connections with their audience. Video enables fans to engage with the content in a new, more immersive way, blending the intimacy of audio with the visual appeal that drives platforms like YouTube. This format is becoming a vital pillar of the podcasting world, creating fresh opportunities for brands and creators alike.

Bridging cultural gaps

One of podcasting’s greatest strengths is its ability to bridge cultural gaps. Listeners come to podcasts seeking authentic voices and real conversations that resonate with their identities and experiences. According to our data, 58% of multicultural podcast listeners say podcasts allow them to hear from diverse creators, and nearly 30% are more likely to tune in to connect with their culture or community.

Investing in diverse creators allows advertisers to reach new audiences and foster trust and loyalty. Brands that partner with podcasts focusing on culturally relevant topics or collaborate with creators from diverse backgrounds are well-positioned to make a lasting impact. For instance, our “Diverse Voices” collection provides a platform for underrepresented podcasters, offering brands a way to tap into this growing market.

Binge-worthy content becomes a podcasting trend

Binge culture is dominating TV and streaming platforms and is now becoming a podcasting trend. Creators are releasing seasonal drops and limited series to encourage listeners to consume multiple episodes back-to-back. This trend is transforming how podcast content is structured and consumed. Nearly two-thirds of podcast listeners report bingeing multiple episodes in a single session, indicating that podcasting adapts to audience preferences for serialized, binge-able content.

This format also presents exciting opportunities for brands. Seasonal podcasts or limited series allow for continuous engagement, with brands sponsoring entire seasons or crafting storylines that extend across multiple episodes. This gives listeners a richer, more integrated experience while amplifying brand visibility.

Creators will fuel the future of podcasting with their creativity and passion. From expanding into video to telling binge-worthy stories, podcasters are breaking new ground and opening new opportunities for brands and audiences. As the medium continues to grow and evolve, brands that invest in podcasts—and the diverse voices behind them—will be well-positioned to tap into one of the younger audiences.

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