Stitcher App Downoads Exceed 12 Million
October 17, 2013 at 2:42 PM (PT)
STITCHER announced that its Radio app has been downloaded more than 12 million times and its content catalog has doubled in the past year. Now its library offers more than 20,000 on-demand podcasts and radio shows.
"When we started STITCHER, we wanted to make podcasts more accessible to all consumers and we're well on our way to achieving our goal," STITCHER CEO/Co-Founder NOAH SHANOK said. "It's extremely gratifying for us to see strong growth in both the listening audience and on the content creation side."
"We've seen tremendous growth in podcasting in the last several years and our data indicates that STITCHER in particular has benefited,” said ROB WALCH, VP/Podcaster Relations at LIBYSN, the leading podcast hosting platform. “From our metrics, STITCHER appears to be the largest platform for listening on ANDROID and second largest on iOS behind only APPLE."
STITCHER's top 100 programs have seen, on average, a 15x increase in audience and nearly 10x increase in listening time in the past two years. More broadly, podcasts are seeing strong growth across all listening platforms.
The company's revenue has also grown at 75% year-over-year since 2011. “We are still in the early stages of an advertising transition from terrestrial to Internet radio and we’re excited about the leadership position we are in. We expect revenue growth to accelerate significantly this year as we ramp up our sales team,” SHANOK noted.
What's more, payouts for qualified partners have doubled during the past year and the number of partners in its revenue program has tripled during the last 12 months.