Media Earnings Predict The Future of Advertising
Media Earnings Predict The Future of Advertising Media Earnings Predict The Future of Advertising The earnings calls of social media giants, traditional media veterans and the agencies that piece them together provides insight into how marketers around the world are adapting, and what their next moves will be. The Reactive Phase The last two weeks of March saw advertisers scramble. Some panicked and stopped spending, others pivoted to new channels and sadly some could only focus on business survival. Facebook and Google felt this effect immediately. Not only are their combined revenues so dominant that they mirror global trends, but their ad models are highly flexible giving advertisers the power to pause activity from one day to the next. Nevertheless, they reported healthy Q1 growth, whilst Twitter saw a minor revenue lift and Snap’s revenue surged an impressive 44% on last year. Turbulence in Q2 seems obvious. Small business is facing extreme economic hardsh...