FAB Universal (NYSE MKT: FU) the world's leading podcast network, today announced it had reached, through its Libsyn podcasting platform, an all time high of 25 million unique monthly audience members in September.
FAB Universal's podcasting business, Libsyn, reached a second milestone in the third quarter, 2012, realizing a 98% increase in average weekly signups vs. the same period for 2011. Average weekly client account revenues increased 88% and overall weekly sign-ups in 2012 have increased by 70%.
Substantial growth in podcast download requests has continued with the third quarter showing a 14% increase over the second quarter of 2012 and 29% growth over the same period in 2011.
“We are excited by the continued growth and validation of our efforts to expand reoccurring revenues through hosting and monetization with our Facebook Timeline App, social media integration, Premium Content Subscriptions, iPhone Apps and world-class audience analytics which provide value to our podcast clients and their audiences,” said Laurie Sims, President, FAB Universal. “Third quarter results show that podcasting represents significant opportunities for revenue and audience expansion. We continue to exceed previous milestones with 25 million uniques, increasing customer acquisitions, and strong growth in revenue and download requests. With the popularity of podcasting on the rise, Libsyn remains the premier podcast distribution and monetization platform.”
With this in mind, the next person to say “Podcasting is dead” gets smacked – very hard – in the face.
If you sign up with Libsyn.com, use the coupon code sopfree for a free month of hosting.