Paid Social Forecast Report H1 2024

ROAS and Results Cut Through Gathering Political, Legal Clouds

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About This Report
US social media ad spending will ride the momentum platforms built in H2 2023 thanks to AI, social video advertising growth, and a fixation on bottom-funnel outcomes.
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The AI-driven results that carried social platforms out of their recent funk will power a strong year of growth in 2024. For now, ad buyers have shelved their concerns about the opacity of ad tools such as Advantage+ Shopping Campaigns (ASC+).

Key Question: How is ad spending across social’s leading platforms evolving?

Key Stat: Social video grew into the largest channel of US social ad spending in 2023, accounting for 52.5% of it. In 2025, social video will generate more ad spending than linear TV.

authors

Max Willens

Contributors

Zach Goldner
Forecasting Analyst
Minda Smiley
Senior Analyst, Social Media
Yoram Wurmser
Principal Analyst
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