Second Captains Podcast Earnings: €166,000 Per Captain
- The Irish sports podcast and content creation company, Second Captains, reported a profit of €1,067 for the year, according to recently filed accounts.
- Published October 1, 2024, updated October 1, 2024 at 18:41:18 (EST)
- For the year ending December 31, 2023, Second Captains generated revenues of €454,880.
Second Captains Records Modest Profit Despite €1.1 Million in Subscription Revenue
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The Irish sports podcast and content creation company, Second Captains, reported a profit of €1,067 for the year, according to recently filed accounts. This follows a similar trend from 2023, when the profit was €4,711. The company generates meaningful revenue from its 18,694 paying subscribers.
Published October 1, 2024, updated October 1, 2024 at 18:41:18 (EST)
Financial Overview
For the year ending December 31, 2023, Second Captains generated revenues of €454,880. After payouts to firms associated wiht the directors and other operational costs, the company’s profit was a modest €1,067. Accumulated profits at the end of the year totaled €52,196. The company’s accounts indicate a consistent pattern of limited profitability despite considerable revenue generation.
Company Structure and Personnel
Second Captains employs seven individuals: five directors and two production staff. Each of the five directors holds a 20% share in the company. The company’s principal activity is described as online content creation, radio, television, publishing, and live event production.
Subscription Model and Revenue Streams
Second Captains launched its paid subscription service in February 2017, quickly gaining 2,500 subscribers within the first day. Currently,the podcast boasts 18,694 paying subscribers,contributing an estimated €1.1 million in annual subscription revenue. Subscribers pay a monthly fee of €5 plus Value Added Tax (VAT).
Recent Projects and Partnerships
In addition to its subscription-based content, Second Captains produces live events. Upcoming shows include performances at the Gaiety Theater in Dublin on October 13th and October 15th (the latter being sold out), following a live event at the Earth Theatre in London on September 24th. The company also collaborates with RTÉ radio, having delivered nine hours of programming in 2023 and returning this summer to produce Second Captains Saturday on RTÉ 1 Radio.