Summer's arriving! Hereβs your morning round-up of this week's top news:
This week, we cover:
How Represent unlocked incredible growth with TikTok through Fospha.
What happened at Cannes?
Top brands spend nearly 1/4 of spend in Pinterest's higher funnel.
If you want to nail peak period, start planning now.
Dive in!
π Represent Is Nailing Their TikTok Strategy - Here's How π
From October-November 2023, Represent scaled TikTok by 277%, empowered by strong results seen in Fospha.
Here's what happened:
π° 71% YoY blended revenue growth in November π 66% YoY TikTok conversions growth in December π TikTok ROAS up 17% in the US, despite spend growth of 65%
Why it matters:
Accurate attribution through Fospha enabled Represent to leverage TikTok, driving significant revenue growth and strategic success.
Fospha Data Reveals Best Brands In Pinterest Have 23% in Higher Funnel
Fospha's Pinterest analysis features in WARC's Platform Insights Report which outlines insightsspanning Pinterest investment, consumption and performance.
Fospha's research shows the best optimized brands spend 23% in Awareness & Consideration in Pinterest on average. π²
This follows the trend we see across other platforms - we've found that the best optimized in Meta spend at least 18% across Awareness & Consideration, while in TikTok it's 22%.
Other insights from WARC's Platform Insights Report:
Pinterest enjoyed one of the highest Q1 2024 YoY ad revenue growth rates, just behind Meta and Amazon.
Pinterest has an audience with high commercial intent.
Gen Z is the largest and fastest growing cohort on the platform.
Pinterest is associated with trustworthy and quality ads.
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ποΈ HEADLINES YOU CAN'T MISS ποΈ
π€ Pinterest Aids Brand Performance With AI
Pinterest's new AI-powered ad tools enhance performance and brand safety. The "Ad Labs" program tests innovations like personalized backgrounds and interactive collages. Early results show improved cost efficiency and reduced setup time.
πΈ Unskippable Ads Debut On Instagram Stories
Instagram is testing ads under Stories and unskippable ads. These changes come as legislators increase regulation on how Instagram serves ads, especially to children, driving the platform to find new revenue methods.
ποΈ Unlock TikTok Shop Success - Here's How
TikTok Shop is a powerful platform for brands to maximize sales through strategic steps, outlined by agency Soar With Us: Set Foundations β‘οΈ Optimize Metrics β‘οΈ Utilize UGC Ads β‘οΈ Scale Efficiently β‘οΈ Maintain Pipeline β‘οΈ Activate Affiliates.
π Nest's Peak Planning Guide Will Help You Nail Q4
Retail media was prominent - networks aimed to attract advertisers with innovative pitches. Challenges include measurement, attribution, and data sharing.
Agencies and brands are increasingly partnering with creators for authentic engagement.
The ad platforms unveiled new features - "TikTok for Good Launchpad" aims to blend creativity with social good while Meta reinforced AI's potential in driving user growth.