Do podcasts still make money?

As the popularity of podcasts continues to grow, it's a common question among creators and investors alike: do podcasts still make money? With the rise of ad-supported and subscription-based models, as well as the emergence of podcast networks and aggregators, the potential for revenue generation in the podcasting industry has certainly evolved. However, the reality is that success in podcasting is not a guarantee of profitability. So, what are the key factors that determine whether a podcast can turn a profit? And how can creators and investors navigate the ever-changing landscape of the podcasting industry to maximize their chances of success?