Chris "Coz" Costello, Senior Director of Marketing Research @ Skai™
Chris "Coz" Costello, Senior Director of Marketing Research @ Skai™
As the volume of shopping activity began to decline following the Thanksgiving weekend, ad spending across the retail media and paid search channels both dropped by 11% in December. Paid social spending, on the other hand, remained flat despite more than half of advertisers seeing a month-over-month decrease, as some larger advertisers and non-commerce advertisers ramped up programs closer to Christmas.
Ad prices were largely flat. Retail media cost-per-click (CPC) did not change, while paid search CPC dropped by just 3%. In both channels, the largest share of advertisers saw prices stay within 5% of last month. Paid social CPM was down 5%, and when considered along with the spending trend, means impression volume increased month-over-month.
How do you measure up? Check out these benchmarks to see if your programs are on par with your industry peers or if you’re ahead or behind the curve.
This is a continuation of our monthly paid media snapshot series. As with any benchmark, your mileage may vary, but we hope this provides a bit more context for you as a marketer as you navigate the ups and downs of your program’s performance.
Methodology note. For the purpose of these monthly benchmarks, only Skai accounts with spend above a minimum threshold for the previous three months are included in this analysis.
Overall, spending in paid search dropped 11% from November to December.
Overall, the average cost of a click in paid search advertising decreased 3% from November to December.
Overall, spending in social advertising remained flat from November to December.
Overall, the average cost of a thousand impressions in social advertising decreased 5% from November to December.
Overall, spending in retail media advertising dropped 11% from November to December.
Overall, the average cost of a click in retail media advertising did not change from November to December.
Come back next month for the most up-to-date data. Until then, you can dive into more of our research via our Quarterly Trends Reports hub.
And please visit the Skai blog and Research & Reports page for ongoing insights, analysis, and interviews on all things related to digital advertising.
We use cookies on our website. Some of them are essential, while others help us to improve this website and your experience.
Here you will find an overview of all cookies used. You can give your consent to whole categories or display further information and select certain cookies.