Obviously, the live read ads by the podcast hosts will still be there, but yep, the other ads are all usually targeted ones inserted when you download it. Once it's downloaded, you can change your VPN back to wherever so you don't have to deal with every site defaulting to Thai or Japanese lol.
This works better than the "skip x seconds" idea others have since some podcasts have mid-show ads, too.
Haru asking Futaba where she has to type in her dad's credit card number