With Highest Performance and Growing Popularity, Connected TV Poised to Transform Digital Advertising, Reveals Extreme Reach Q3 Video Ad Benchmarks
By Sandy Drayton |
Quarterly analysis of performance metrics showcases evolving trends as consumers continue cord-cutting and brands demand transparency
Needham, MA – October 31, 2018 – Extreme Reach, the complete creative asset management platform for the ad industry, today released its Q3 2018 Video Advertising Benchmarks based on metrics from its third-party video ad server. The report offers brands and agencies up-to-date insights based on key performance metrics.
This most recent analysis of data on click-through, completion and viewability rates forvideo ads served on desktop, mobile, tablet and connected television [CTV] shows that ads on CTV continue to outperform those on other platforms.
Completion Rates by Platform
Completion rates for ads on CTV continue to exceed those of all other platforms. At 95 percent in Q3, a slight increase over the previous year, CTV completion is 27 percent higher than desktop and 32 percent higher than mobile. Completion rates for desktop, mobile and tablet have held steady following a significant increase in Q1 2018.
Completion by Vendor Type
Premium inventory continued to yield high performance, with completion rates exceeding those of media aggregators by 32 percent. Premium rates increased nearly 29 percent year over year to reach 90 percent, while aggregators saw an 8 percent completion rate increase, reaching 68 percent.
With the rise of CTV, the 30-second ad is coming back into vogue, with impressions increasing 102 percent year over year. This increasing share is at the expense of 15-second spots, which saw a decline of 38 percent for the same time period.
Impressions by Device
After first overtaking mobile in Q2, CTV impressions continue to rise while all other platforms see declines. With a 170 percent year over year increase, CTV is now the source of 38 percent of all impressions, compared to 31 percent for mobile and 21 percent for desktop. At just 9 percent of all impressions, the once-popular tablet continues its march into near-obsolescence.
Based on these findings, Extreme Reach projects:
“The CTV opportunity is one that advertisers are increasingly leveraging, and the impact that’s having on ad length, while unexpected, makes complete sense,” stated Mary Vestewig, Senior Director, Video Account Management at Extreme Reach. “I expect we’ll see even more exciting changes driven by CTV as consumer adoption grows and technology for targeting and measurement evolve.”
The full report can be found here.
For the next quarterly benchmark report, Extreme Reach will continue to monitor trends and insights in order to provide agencies and brands with the video advertising metrics that matter.
About Extreme Reach
Extreme Reach (ER) revolutionized the way advertisers control the deployment of their creative and how the media sources those ads to execute campaigns. The company’s creative asset workflow platform, AdBridge™, is built upon a decade of innovation and integrates all the paths and processes required by today’s complex media landscape.
The company proudly serves the best and biggest brands, agencies, production companies, media destinations, performers and rights owners. With over 200,000 registered users and nearly four million creative assets in its care, ER connects the creative flow between the buy and sell sides of the advertising ecosystem.