I have premium, so one gotcha maybe whether you can download podcasts for free? I would be annoyed if I had to sit through both Spotify's ads and the product placement in podcasts. (does Spotify insert inline ads into podcasts as well?)
It’s assumed that the second phase is to allow podcasters to embed ads to allow them to monetize their podcasts, but it will be opt in.
Also, most podcast ads are for direct response ads where the effectiveness of the ad campaigns can be tracked somewhat via coupon codes and that either are for large purchases (Casper, Warby Parker) or for subscriptions where the lifetime value of the customer and churn rate can be estimated.
You don’t hear that many brand advertisements on podcasts. That’s the market Spotify wants to go after.
Besides, an advertiser doesn’t need fine grained targeting to know that for instance anyone listening to “The Talk Show” or “Accidental Tech Podcast” is a probably a computer geek with lots of disposable income.