Largest Podcasting Host Announces Record Profits

Mar 18th, 2008 | By | Category: General, Making Money with Podcasts, Podcast Distribution, Podcast Hosting, Podcasting Services

wizzard.jpgWizzard Software, the parent company of Liberated Syndication and several podcast hosting services, announced today that revenues for the fourth quarter of 2007 were $1,540,992, a 108% increase over revenues of $739,551 in the fourth quarter of 2006.

For the full year of 2007, the Company recorded revenues of $5,163,491, a 75% increase of $2,195,967 from revenues of $2,943,578 in 2006. Wizzard posted a gross profit of $1,562,703, a 47% increase versus a gross profit of $1,064,115 in the full year 2006.

The company noted several podcasting-related accomplishments in its announcement:

  • Acquisition of Podcast Company Liberated Syndication (Libsyn) 3/19/07
  • Completed Raise of $7,500,000 for its Podcasting Business 7/9/07
  • Adds Nielsen//NetRatings’ Site Census to Advertising System 9/12/07
  • Announces Largest Ever Industry Ad Campaign 11/14/07
  • Ends Year with Approximately 10,000 Podcast Publishers 12/31/07
  • 1 Billion Download Requests in 2007 12/31/07

In 2007, Wizzard Media surpassed download request forecasts with one billion podcast download requests achieved, surpassing the 450 million download requests for 2006.

“Podcasting is becoming a necessary audience expansion tool for content publishers and brand advertisers seeking cost effective, high return outlets to capture the migration of audiences from traditional media outlets to the internet,” says Chris Spencer, Wizzard CEO. “We are seeing an increase in advertiser understanding of the high quality, subscription and episodic benefits of podcasting versus other internet video offerings. We believe that our ambitious undertaking of targeting similar audiences through interesting, engaging podcast micro-communities is a very compelling advertising opportunity and we expect advertising revenues to grow substantially in 2008.”

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2 Responses to “Largest Podcasting Host Announces Record Profits”

  1. JHolden says:

    On March 17, 2008, the Board of Directors of Wizzard Software Corporation, a Colorado corporation (the “Company”), concluded that the Company’s financial statements for the quarterly periods ended March 31, 2007; June 30, 2007; and September 30, 2007, should no longer be relied upon because of an error in such financial statements.

  2. Cal Curtis says:

    Check out “CalCast” for how God is using media, arts and technology to reach the unreached peoples around the world! If you would like to see their podcast it is at:

    or subscribe through iTunes

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