Chris "Coz" Costello
Senior Director of Marketing Research @ Skai
Chris "Coz" Costello
Senior Director of Marketing Research @ Skai
Spending and pricing were mixed from September to October across digital channels, and even within channels. More social accounts cut spending month-over-month than increased spending, but overall, spending rose by 6%, as nearly half of accounts that boosted social budgets did so by at least 50%. For retail media and search, the opposite was true, as a greater share of advertisers increased monthly spend, but total investment for each channel was flat, dropping by 1%.
The biggest story for ad prices across channels was a 10% decrease in average cost-per-click, as lower-priced shopping campaigns started to ramp up into the holiday season, bringing down the overall average. Overall, clicks cost 4% less for retail media advertisers in October, while social advertisers paid 4% more for impressions.
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 1% from September to October.
Overall, the average cost of a click in paid search advertising decreased 10% from September to October.
Overall, spending in social advertising increased 6% from September to October.
Overall, the average cost of a thousand impressions in social advertising rose 4% from September to October.
Overall, spending in retail media advertising dropped 1% from September to October.
Overall, the average cost of a click in retail media advertising decreased 4% from September to October.
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.
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