Chris "Coz" Costello, Senior Director of Marketing Research @ Skai
Chris "Coz" Costello, Senior Director of Marketing Research @ Skai
Daily spending across digital channels barely budged from May to June, with retail media up 1%, paid social showing no change, and paid search down 1%. The largest share of accounts saw daily budgets increase month-over-month in retail media and paid search, while a plurality of paid social accounts cut spending. None of this moved the needle at the overall level, however.
Search CPCs (+3%) and social CPMs (+5%) were both up slightly over the previous month in aggregate, while retail media CPCs dipped by 4%. At the account level, social CPMs were more likely to be up than down, while retail media and paid search were most likely to stay the same.
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: For these benchmarks, only Skai accounts with spend above a minimum threshold for the previous three months are included. As of April 2022, spending benchmarks use average daily spend to control for longer and shorter months. Please note that the selection criteria used here are different from the Skai Quarterly Trends Report, which can sometimes lead to different results from the two analyses.
Overall, average daily spending in paid search dropped 1% from May to June.
Overall, the average cost of a click in paid search advertising rose 3% from May to June.
Overall, average daily spending in social advertising did not change from May to June.
Overall, the average cost of a thousand impressions in social advertising rose 5% from May to June.
Overall, average daily spending in retail media advertising increased 1% from May to June.
Overall, the average cost of a click in retail media advertising decreased 4% from May to June.
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.