CES 2024 kicks off with the rapidly expanding impact of AI on media and marketing front and center - The 2024 conference season officially got underway this week with the Consumer Electronics Show (CES).
Meta (👍): Revenue was up 22% to $47.52B, beating estimates. Ad revenue was up 21% to $46.56B, driven by higher ad prices, strong demand, and AI-driven efficiency gains.
Yesterday was a crazy news day with 3 MAJOR STORIES, so we felt compelled to send a mid-week update. The common theme is industry consolidation → industry maturation.
Amazon has been all over the news in the past week, with developments related to its demand-side platform (DSP), streaming TV, and content. We’ll use the top slot this week to summarize it all.
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Cadent, an addressable TV advertising company, will buy all outstanding shares of AdTheorent, a digital advertising demand-side platform (DSP), for $3.21 per share.
The demand-side platform (DSP) Viant is betting big on connected TV (CTV) contextual tech with a deal for IRIS.TV. The platform ingests and standardizes raw metadata from publishers' video libraries in order to make it “addressable” (e.g. targetable, measureable) across platforms...
The deal for Mars United—billed as the world's largest independent commerce marketing company—is reportedly worth $600M. Mars United, with more than 1,000 employees, offers extensive commerce media expertise, consulting services, and shopper intelligence data.
US retailers will soon be able to use Amazon’s ad tech tools to sell product ads in their online stores. The new offering called Amazon Retail Ad Service is built on AWS and in beta testing with smaller retailers iHerb, Oriental Trading...
There was a flood of announcements from last week's Cannes Lions International Festival of Creativity, and also a flood of photos on our social media feed of people drinking rosé on yachts on the French Riviera.
Google shocked the ad industry yet again Monday by throwing in the towel on its plan to deprecate third-party cookies in Chrome. The years-long effort to move beyond cookies will instead resemble Apple's controversial App Tracking Transparency (ATT).
Below is a roundup of last week’s notable industry news, with summaries and our opinions. The Trade Desk is pivoting from being the 'Open Web' company to being the "Premium Internet' company and PayPal is the latest entrant into the...
Google And The DOJ Recap Their Cases In The Countdown To Closing Arguments - The US Justice Department and Google filed their updated findings of fact in Google's landmark ad tech antitrust case. The case wrapped up in late September, lasting only three...
Alphabet (👎): Revenue was up nearly 12% to $96.47B, missing estimates. Google advertising, search, and YouTube ad revenue growth have all slowed year over year, and cloud revenue missed expectations.
WPP has acquired data clean room provider InfoSum, a move that was widely anticipated since current GroupM CEO Brian Lesser previously ran the company before joining WPP last July.
The Cannes Lions International Festival of Digital Advertising Creativity kicked off Monday in the South of France, and we're seeing all kinds of interesting hookups.
The Information reported last week🔒 that Walmart renegotiated its deal with The Trade Desk and removed its exclusivity clause, which will let advertisers use Walmart's shopper data through other DSPs.
Macy's just became the first major retailer to partner with Amazon's Retail Ad Service, allowing Amazon to power sponsored product ads on Macy's website.
Takeover interest has inspired Integral Ad Science (IAS) to take a look at a possible sale. The brand safety and ad verification vendor has tapped Jefferies Financial Group to help it consider its options.
Costco, America's third-largest retailer, is entering the commerce media industry with a new ad network that will leverage data from its 74.5M members.
The Trade Desk, the industry’s largest demand-side platform (DSP) is drawing a line in the sand between the garbage content that proliferates on the open web and the high-value, premium content that is monetized by The Trade Desk and other...
Adalytics has struck again with another report illuminating shady digital advertising practices. This time, the publisher Forbes is in the hot seat for running a secret made-for-advertising (MFA) subdomain (www3.forbes.com) that served ads which brands thought would be running on Forbes' flagship...
The Last Of Q4 EarningsMagnite (👍): Q4 revenue was up 7% for the largest, independent SSP to $186.9M, beating estimates. Full-year 2023 revenue was also up 7% to $619.7M. Shares rose nearly 15%.
In an analysis released Tuesday, the IAB found that only a small number of the 44 digital advertising use cases it studied would still work with Google's Privacy Sandbox APIs.
