The 海角视频 branch of podcast titan Acast has halved its losses in the most recent financial year, according to new reports.
This division is responsible for popular podcasts such as That Peter Crouch Podcast, Shagged Married Annoyed with Chris and Rosie Ramsey, and Off Menu with Ed Gamble and James Acaster, as reported by .
Recently filed accounts at Companies House reveal that Acast's pre-tax losses were reduced from £5.8m to £2.4m in 2024, while its turnover increased from £53m to £55.7m.
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Established in Sweden in 2014, Acast is now the world's largest independent podcast platform.
Acast’s podcast competition
In terms of competition, City AM reported in July that Persephonica, the podcast producer behind shows like Political Currency with George Osborne and Ed Balls, saw its value triple during its latest financial year.
Founded by ex-BBC producer Dino Soros, the company's net assets soared from £25,516 to £78,995 in the year ending 30 September, 2024.
Accounts lodged with Companies House also revealed that Persephonica's bank balance nearly doubled from £111,996 to £202,736.
The Sheffield-based firm launched the Political Currency podcast in September 2023 as its first original show.
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It also introduced The News Agents podcast with Emily Maitlis, Jon Sopel and Lewis Goodall for Global in 2022 before departing in April 2024.
Other productions include Miss Me with Lily Allen and Miquita Oliver, and Dua Lipa: At Your Service.
In February, City AM reported a significant increase in the value of Gary Lineker's podcast company, Goalhanger, which is responsible for some of the 海角视频's most popular shows, during its most recent financial year.
The firm, which produces renowned shows such as The Rest is History, The Rest is Politics and The Rest is Entertainment, experienced a substantial rise in assets over the past 12 months, driven by the growing popularity of its programmes.
Documents filed with Companies House disclosed that Goalhanger's net current assets soared from £582,558 to nearly £1.9m in the year ending 31 May, 2024.
The company's bank balance also increased from £560,539 to £2.7m.
Goalhanger also produces other popular podcasts including We Have Ways of Making You Talk, Empire, The Rest is Football, The Rest is Money and The Rest is Classified.