Key details for political video ad spending according to Advertising Analytics/Cross Screen Media:
1) 2020 vs. 2016 – ↑ $4.3B (↑ 200%)
2) 2020 vs. 2018 – ↑ $2.6B (↑ 67%)
3) 4-5% of the entire U.S. video ad market
4) 17% of all video ad growth is from politics
Quote from Kyle Roberts – CEO @ Advertising Analytics:
“In terms of political spend, [the coronavirus] has not impacted it negatively. These dollars can’t be allocated to the ground game right now. That does open up more dollars that are getting appropriated to the air war.”
Presidential cycle political video ad spending (% growth):
1) 2016 – $2.2B
2) 2020P – $6.5B (↑ 200%)
Midterm cycle political video ad spending (% growth):
1) 2014 – $1.6B
2) 2018 – $3.9B (↑ 142%)
Wow: The political video ad market is growing (CAGR) at a rate of 26% compared to 5% for the general video ad market!
Share by platform in 2019-20P:
1) Local Broadcast TV – 55% (↓ 9%)
2) Digital Video – 27% (↑ 8%)
3) Local Cable TV – 18% (↑ 1%)
Local broadcast TV spend by cycle (% growth):
1) 2014 – $1.3B
2) 2016 – $1.7B (↑ 33%)
3) 2018 – $2.5B (↑ 46%)
4) 2020P – $3.6B (↑ 42%)
Local cable TV spend by cycle (% growth):
1) 2014 – $320M
2) 2016 – $450M (↑ 41%)
3) 2018 – $660M (↑ 47%)
4) 2020P – $1.2B (↑ 75%)
Digital video spend by cycle (% growth):
1) 2018 – $740M
2) 2020P – $1.8B (↑ 145%)
The big question: Do you want to sell more political ads in 2020? If yes, then download our FREE 8-page report, and let’s get started!
More #1: Knock, Knock, Who’s There? No Political Canvassers, for the First Time Maybe Ever
More #2: How Political Advertisers Are Adapting to the Coronavirus Pandemic
More #3: Fewer Political Ads Now, Doesn’t Mean Less Advertising Later
