Podcast companies turn to live events to capture growing advertiser spend
As brands step up their podcast marketing spend, podcast companies are putting on more live events to meet the growing demand.
In 2024, SiriusXM dipped its toes into live podcast events for the first time, organizing 10 live podcast events over the course of the year. So far in 2025, the company has already held 18 live podcast recordings, with plans to double or triple its overall number of live podcast events by the end of the year.
SiriusXM’s live podcasts, whose audiences typically involve 40 or 50 fans, are not ticketed events. However, they represent a growing revenue stream for the company thanks to sponsorships by advertisers such as Hershey’s and Macy’s, with SiriusXM holding the events at both the company’s in-house recording studio in its New York City headquarters and at venues such as Avalon Hollywood. So far this year, SiriusXM Media has more than doubled the number of sponsors and corresponding ad revenue for its live podcast events, according to svp of strategic solutions Karina Montgomery, who declined to give exact figures but said that “ad revenue from these events is already up 160 percent as of June 2025, compared to all of 2024.”
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