Addressable TV Advertising Grows for Third Year in a Row as 53% of Advertisers Call It a Must-Buy

Go Addressable and Advertiser Perceptions are releasing these findings ahead of its fourth annual addressable TV advertising summit today in New York

Today, Go Addressable, a non-profit trade organization dedicated to and advancing the growth of addressable TV advertising, released new research findings in conjunction with Advertiser Perceptions that captures the growth, usage, and adoption of this medium.

This latest report is part of a series that has tracked the growth of addressable TV advertising over the last four years. A key finding in this latest research is that addressable TV has become a vital channel for advertisers, with more than half now saying addressable is a “must-buy,” after being viewed as an “add-on” just three years ago. Among those who haven’t used addressable TV before, nearly two-thirds plan to start using it in 2025, reflecting steady growth since Go Addressable started tracking this metric in 2021.

The increased investment in addressable TV advertising - the ability to serve targeted ads to specific households or users based on deterministic identifiers - corresponds with new findings from The Score Report by Comscore that viewing across Multichannel Video Programming Distributors (MVPDs) and virtual MVPDs accounted for roughly half of total ad supported viewing time in June of this year, while leading streamers combined accounted for less than 10%.

Nowhere was the importance of addressable TV more evident than at this year’s upfronts, where addressable TV advertising cemented its importance with 63% of advertisers saying the medium played a role in their 2024-2025 negotiations. This reflects a 34% jump from 2023 negotiations.

“In today’s fragmented TV landscape, it’s more challenging than ever for advertisers to efficiently and confidently reach intended audiences,” says Tim Myers, Executive Director for Go Addressable. “Addressable TV that is powered by deterministic data is a powerful tool that not only makes media buying more effective and brand-safe for advertisers but ensures an optimal experience for viewers in terms of frequency and relevancy of the ads they receive. As the industry continues to invest in this powerful medium, Go Addressable is committed to making addressable advertising more precise and easier to execute.”

Addressable TV’s ability to combat fragmentation is clear as linear addressable providers offer significant unduplicated reach. According to data from Comscore, the MVPD and vMVPD members of Go Addressable see virtually no duplication across 51M households. By comparison, any two services from the premium ad-supported streamers have lower reach than the Go Addressable footprint.

The Go Addressable and Advertiser Perceptions study also revealed an upward trend in several other key areas:

• 51% of agencies and marketers found improvement in the simplicity of buying addressable TV.
• 85% of advertisers say they are satisfied with the current state of addressable TV.
• 60% of advertisers believe the current state of addressable TV has improved.
• 64 % increase of those advertisers who say it has improved significantly in the last year.

These latest research findings come as Go Addressable today hosts its fourth annual summit, with this year’s theme focused on addressable TV’s converged future. Founded in 2021 and incorporated in 2023, Go Addressable is a non-profit trade organization focused on accelerating the growth of TV advertising using aggregated data with a commitment to protecting personal information.

This year’s event takes place on Wednesday, November 20, in New York, with speakers spanning thought leaders from dentsu, Effectv, GroupM, IPG, PMG, and more. More information here.

Click here to read the latest Go Addressable/Advertiser Perceptions report.

About Go Addressable

Go Addressable is a non-profit trade organization led by TV distribution companies to help maximize the scale, impact and value of TV as a marketing platform. The group’s mission is to further accelerate the advancement of addressable TV advertising in a way that is trusted, scalable and effective for both advertisers and programmers looking to make their inventory addressable. Go Addressable will achieve this through advocacy and education within the industry; problem-solving and action around industry challenges; and by working to facilitate the use of addressable advertising campaigns for buyers and sellers of TV inventory. For more information on how to participate, please visit goaddressable.com.

About Advertiser Perceptions

Advertiser Perceptions provides research-based strategic market intelligence and expert analysis to the media, advertising and ad tech industries. We survey brand marketers, agency executives, media specialists and IT leaders through our curated and proprietary AdPROS™ community to provide clients with an unbiased view of the market, competing brands, and customer experiences. These actionable insights give clients the confidence to inform both strategic and operational decision-making to improve their products and services, strengthen their brands, and drive higher ad-related revenue. www.advertiserperceptions.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120206347/en/