I remember looking into podcast advertising for my previous company back in ~2018. I listen to a podcast that I believe claimed ~50k regular listeners at the time, and a 2 minute sponsor read (1 of 3 per show) was priced at something like $4000.

I never understood how that sort of pricing would work. The unit economics were never even close for us. I can see how they might be closer for SaaS businesses like Squarespace, but for retailers? Feels very unlikely. I'm not surprised the money dried up, or rather, figured out that funnelling VC cash into podcast ads doesn't turn into profitable growth.

Interestingly, now in 2026 that same podcast (which according to the hosts hasn't grown), no longer lists their pricing for ad reads, and frequently only has 2 filled spots, and has had periods of only 1 or even no ad reads per show over the last few years as times have been tough. They've now diversified into overpriced memberships.