article thumbnail

Digital video ad spend sees 16% increase this year

Martech

Marketers continue to move money into digital video despite significant doubts about audience measurement, according to a new report from the IAB. Digital video ad spending is expected to be more than $62 billion this year, the IAB predicts. Free ad-supported streaming TV ad spend increased to 51% from 44% last year.

Video Ads 115
article thumbnail

Lyft Taps DoubleVerify to Vet Ad Performance and Safety

Adweek

In 2023, it debuted display ads within its mobile app, then tacked on video ads the following year. EXCLUSIVE: DoubleVerify Sues Adalytics, Alleging Defamation Lyft did not respond to a request for comment by press time. Lyft began investing significantly in advertising in 2022 with the launch of its media network.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

US Subscription OTT Video Ad Spend Will Reach $10 Billion in 2023

MNTN

As a result, we saw paid subscription services such as Netflix, Disney+, and HBO Max enter the ad-supported streaming race by including new lower price tiers with ads to their lineup as well. . And in 2023, we will begin to see the effects that these changes have made to the spread of ad spend in the digital video and CTV industry.

article thumbnail

Meta ad spend up 15% last quarter as TikTok sees sharp drop

Martech

Meta properties saw 15% ad spend growth in Q4 2024, while TikTok, facing an unknown future in the U.S., dropped 51 percentage points from Q4 2023 to 13%, according to digital advertising company Tinuiti. elections, and down from 64% YOY growth in Q4 2023. This was a 27% increase over 2023. Spend on TikTok for 2024 was $4.8

CPM 114
article thumbnail

Playable ads and longer campaigns gain traction in mobile gaming

Martech

In the first half of 2024, 7% of mobile gaming app advertisers adopted playable ads, up from 4% for the same period in 2023. Here is where playable ads are being adopted by category. Video ads remained the top ad format uniformly across genres, accounting for more than three-quarters of ads in each category.

article thumbnail

Paramount Builds Out “Unified Video Ad Product” as Channel 5 Revamps Streaming Service

VideoWeek

” A unified video ad product The announcement came during a rocky period for parent company Paramount, whose owner Shari Redstone eventually reached an agreement to sell the company – including Channel 5 – to US studio Skydance Media. ” Follow VideoWeek on Twitter and LinkedIn.

article thumbnail

Video ad spend expected to rise 16%, surpassing linear TV this year

Martech

digital video ad spend is expected to hit $63 billion in 2024, a 16% increase from the previous year, according to projections from IAB’s “2024 Digital Ad Spend & Strategy Report.” For the first time, digital video — which includes CTV, social video and online video — will claim a higher share of budgets than linear TV.

Video Ads 120