The use of podcasts has been consistently trending upwards over the last few years, reaching almost 4 in 10 monthly listeners in Q4 2018. As with any trend, the novelty and availability of this media will be central to its growth, but the flexible and binge-worthy nature of podcasts is what makes them highly valued to consumers.
For brands, they offer an advertising sweetspot. The environment is more intimate than other channels - offering the opportunity to build a more personal relationship with listeners - and the content demands more of consumers’ attention to absorb information, aiding recall of information down the line. Importantly, podcast listeners are also 30% more likely to say they tend to buy from brands they hear advertised.