How Reddit, Snapchat, and Pinterest are attracting marketers and boosting ad revenue
CMO Strategies: Inside Reddit, Pinterest and Snapchat’s efforts to court marketers By Catherine Wolf, research editor This is the second half of Digiday’s CMO Strategies report on social media which analyzes key marketer strategies and challenges across leading marketing channels. Smaller platforms’ plans to attract marketers pay off Pinterest, Reddit and Snapchat all saw increased marketer usage in 2024, according to Digiday+ Research’s Q1 2024 survey that asked marketers about social media. Pinterest usage increased by 7 percentage points, while Reddit and Snapchat’s usage both grew by 5 percentage points respectively. All three platforms are likely to have benefitted from the drop-off in marketers’ usage of TikTok and X as advertisers have sought to diversify their investments and address brand safety issues. But Pinterest, Reddit and Snapchat have also made concerted efforts to grow their ad revenue over the past year. This week’s Future of TV Briefing looks at how the second quarter of 2024 may have marked an inflection point for companies’ traditional TV and streaming businesses.
The business of If there’s ever going to be a specific point in time marking the Rubicon between the TV business’s past and future, it may have been last week. As Disney, Paramount Global and Warner Bros. Discovery released their latest quarterly earnings reports, they revealed streaming businesses finally getting into the black and traditional TV businesses getting even bleaker. What Industry Leaders are Reading This Week Interested in becoming a Digiday+ member? Unlock access to the membership media and marketing industry professionals rely on. When you become a member you'll gain:
Stay ahead of the trends shaping the media and marketing industries and explore all the benefits members unlock with a Digiday+ subscription. |
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X reminds advertisers ‘there’s no substitute’ for real-time sports conversation amid competition
Wednesday, July 31, 2024
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Tuesday, July 30, 2024
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Tuesday, July 30, 2024
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Monday, July 29, 2024
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Friday, July 26, 2024
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