Research: TV advertisers could benefit from summer campaigns
June 2, 2023
Effectv has released the results of research examining summer television viewership and advertising trends. Chief among the findings was this: Marketers that maintain TV advertising during the summer months, a period when advertisers have traditionally pulled back, may see a significant boost in their brand’s share of voice.
Insights from aggregated viewership data show a mere 2 per cent difference in ad-supported time spent viewing content for the summer months. However, despite this strong and consistent consumption, Effectv found that nearly 1 in 10 advertisers choose to go dark in the summer months. The research reveals that advertisers who stay on air in the summer months can reap additional share of voice, as some of their competitors choose to go off air. In fact, the study shows that advertisers on average can increase share of voice in their market by 36 per cent by staying on through the summer.
The benefit of higher share of voice by staying on air was found across categories, with jumps particularly evident in the events (78 per cent), travel (61 per cent) and political (26 per cent) sectors. Share of voice represents the share of advertising a brand has compared to others in the category and market. At lower levels of competitive advertising, recall of advertising messages increases – a clear advantage for brands that stay on air consistently. Furthermore, market share for advertising brands accelerates when competitors stop advertising while market share of any brand declines rapidly when they stop advertising.
“Data shows that TV viewing remains relatively flat into the summer, but a disproportionate number of advertisers pull back on their campaigns unnecessarily,” said Travis Flood, Executive Director of Insights, Comcast Advertising. “The days of sleepy summer reruns have been over for years as cable TV and streaming services provide premium content all year long for viewers. Advertisers should follow the data and reach their audience when they are watching throughout the year.”