Ad revenues from OOH ads reached $2.69 billion dollars in Q2

New Ideas in MarketingEssential news for marketers, summarised by YouGov
August 23, 2019, 10:41 AM UTC

The adoption of digital signage allowed OOH ads to grow over static media placements.

Outdoor advertising recorded the highest quarterly growth revenue of 7.7%, year-over-year during the second quarter of 2019. The rise in attributed to ad serving technology and outdoor digital signage that adjust for factors like weather and time.

According to Cuebiq, a brand intelligence firm, emerging technology has helped OOH ads to get consumers into physical stores. Out of home media revenues reached 7% growth across all channels like billboards and transit signs, while digital had the highest returns with nearly one-third OOH revenue in Q2.

This article says more brands are trying to capitalise on OOH ads by offering “leading-edge outdoor offerings”. For example, footwear brand Pump launched a geo-targeted campaign to deliver programmatic advertisements to screens on taxis and ride-share vehicles.

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