Yes. There are different ways podcasters can make money:
Running ads: Anchor is a platform that has the option for podcasters to enable ads on their podcast for which they’ll get paid.
Sponsorships: podcasters can work directly with brands to place ads for their products and services in their episodes.
Paid deals: on rare occasions, popular podcasts (most often celebrities) get deals with Spotify and other podcasting platforms directly to host their podcasts exclusively on the platform.
If you have a business yourself and sell products and/or services, you can also make money with your podcast by using it as a marketing tool to promote your products.