Spotify's podcast business had ~€200M in revenue in 2021, up 300% YoY, but had a negative gross margin of 57%; it monetized only 14% of listening time in Q1 (Todd Spangler/Variety)

Todd Spangler / Variety:
Spotify's podcast business had ~€200M in revenue in 2021, up 300% YoY, but had a negative gross margin of 57%; it monetized only 14% of listening time in Q1  —  Spotify disclosed some key financial metrics of its podcast business for the first time — and while the $1 billion-plus …

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