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Story summary
- Pocket FM doubled its annualized revenue run rate to $500 million.
- AI now powers 93% of Pocket FM’s catalog and 99% of new content.
- The United States contributes about 70% of Pocket FM’s annualized revenue.
- Over 550,000 creators generate roughly 2.5 million hours of AI-powered content yearly.
- Ads produce about $85 million while subscriptions generate roughly $415 million of revenue.
