Pocket FM Doubles Revenue to $500 Million as AI Powers 93% of Audio Catalog
Updated
Updated · TechCrunch · Sep 10
Pocket FM Doubles Revenue to $500 Million as AI Powers 93% of Audio Catalog
2 articles · Updated · TechCrunch · Sep 10
Summary
$500 million in annualized revenue run rate marks a doubling from a year ago for Pocket FM, which now uses AI to produce 99% of new content and power 93% of its catalog.
80 times cheaper production has driven that shift: 100 hours of audio that once took about a year can now be made in a day, helping 550,000 creators generate 2.5 million hours annually.
76% 12-month revenue retention, up from 44% two years ago, has improved as the platform expanded its library to more than 770,000 series and matched more listener tastes.
70% of revenue now comes from the U.S., Pocket FM's largest market, while 96 titles have topped $1 million and 13 have crossed $10 million.
Pocket Entertainment is extending the model beyond audio with AI-only microdrama app Pocket Saga at a $15 million run rate, while weighing a new $100 million-$120 million funding round and no IPO within 24 months.