Use the MP3 for transcripts, archives, and clips
Once you have the MP3, the obvious next step is feeding it to a transcription service. Whisper, Otter, AssemblyAI, Rev, and Sonix all accept MP3 uploads — and because the file is ~10× smaller than the source Loom MP4, you pay less per minute and the upload finishes sooner. The same MP3 is also the cleanest input for a podcast clip (audio platforms expect MP3, not MP4), for an audio-only archive of an async standup, or for sharing the spoken substance of a Loom in Slack without the 100 MB attachment ceiling getting in the way. If you also want a transcript embedded in your own product instead of via a third-party SaaS, Clipy transcribes every upload by default — record once, get the video plus a transcript and AI summary, without the MP3 detour.
Leaving Loom because of the price hike?
Atlassian retired the Loom Creator Lite tier in 2025, and a lot of teams woke up to 10× higher monthly bills. The Loom-to-MP3 flow is one of the cheapest ways to archive the substance of your old library — audio is roughly 1/10th the storage of the source video, and the words are what most people actually wanted out of the recording anyway. For new recordings, Clipy is a free Loom alternative with no watermark, no signup wall for viewers, and no length cap. If you also need the MP4 instead of audio, the loom video downloader online grabs MP4s straight from a Loom share URL, and the Loom to GIF tool turns short Looms into shareable GIFs for tickets and docs.