CTV Report
US CTV Ad Spending Grew by $8 Billion in the Last Two Years
by Frankie Karrer2 min read
Abstract
- Connected TV advertising in the US has grown by over $8 billion in the last two years, driven by the increasing popularity of streaming platforms.
- More platforms are introducing ad-supported streaming tiers, leading to greater competition for both viewer attention and ad dollars.
- Amazon’s Prime Video ad tier launched in 2024, helping it become a major player in the CTV ad space, while Hulu continues to thrive with its well-established ad-supported model.
- Netflix, despite leading in viewer time spent, has seen slower growth in its ad revenue, while Tubi has made significant gains in viewership.
Connected TV advertising has experienced tremendous growth over the last two years according to new research from EMARKETER, with US CTV ad spending surging by more than $8 billion. As more viewers turn to streaming, platforms are ramping up their ad offerings to capture a share of this growing market. And with those ad-supported streaming tiers becoming more popular, services have to compete for both viewer attention and advertiser budgets.
Among the key players, Amazon made waves with the introduction of an ad tier for Prime Video, securing its position as a top contender in ad revenue, while Hulu continues to perform well thanks to its established ad-supported model. Netflix, on the other hand, has seen slower growth in ad revenues despite leading in time spent by viewers. Meanwhile, Tubi has quietly increased its share of time spent with TV, and platforms like Max and Peacock are working to find a balance between ad loads and user experience. Ultimately, as ad-supported streaming options grow, marketers should keep a close watch on how these services adapt their ad-supported offerings in this changing market.
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