Spotify essentially have no excess profit potential for music, because the labels will just take more money if and when Spotify increases subscribers/revenue.

This is in contrast to Podcasts, where nobody really owns the space, and they have a good shot at becoming the market leader.

I mean, I hate podcasts and wish they would go away from my Spotify, but I like the company and the music product, so I put up with it (for now, at least).