Last month, Spotify published its Q2 results for the three months to end of June, and within its SEC filing, the company printed precisely what it paid for recent acquisitions Findaway, Podsights and Chartable, and Sonantic. This information, combined with disclosures in Spotify’s annual report for 2021, paints a clearer picture of Spotify’s acquisition spending specifically on companies in order to grow its podcast business.
Source: Spotify has spent $1.2bn+ on companies to scale its non-music business over the past 3 years