Stuck in 'Experimental': Why Snap's Growth Bets on AR Look Uncertain

Media buyers said they haven’t increased spend on the platform

It’s no secret that sports marketing is one of the hottest topics on marketers' minds. Determine the best way for your brand to show up at ADWEEK Brand Play: A Sports Marketing Summit. Register now to join in NYC or virtually on May 9.

Snap’s tumultuous few weeks may have been a surprise for Wall Street, but not so much for the advertisers making up the bulk of the platform’s revenue.

Adweek spoke to five media buyers, none of whom said their clients had increased their investment in Snap in 2022. Three said they maintained a minimal investment in the platform—and two said they are spending less.

With increasing competition from rivals like TikTok, a fractured ads business (thanks, Apple), fewer performance-driven formats and a relatively lower-value user base, Snap’s return to focus on augmented reality, community growth and revenue growth has some challenges.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in