Ad Spend Increases on Black Friday and Cyber Monday—and It’s a Global Phenomenon
The holiday season is upon us and it’s always fun to analyze the aggregate performance of our advertisers on Black Friday and Cyber Monday. Each year when we “read the tea leaves”, some existing trends are reinforced while a new pattern jumps out at us. 2018 is no exception.
More Clicks, Higher Spend
As expected, we see a marked jump in clicks and spend on paid search in the U.S. this holiday season. Clicks and ad spend were up 53% and 81% respectively on Black Friday this year when indexed off the monthly pre-holiday average. Cyber Monday also posted 40% growth in clicks and 105% growth in ad spend for the U.S. market.
CPCs Rise Up
We also observed a large gulf between click (40%) and spend (105%) growth on Cyber Monday this year, which means CPCs have increased. A combination of greater click volume with increased competition means higher CPCs for advertisers. If conversion rates increase accordingly, then advertisers can justify this higher spend and this is where an ad management platform like Marin can excel by delivering sterling return on ad spend (ROAS) to match your increased investment.
Black Friday & Cyber Monday Go Global
Although both events originated in the US, data from Marin’s ad management platform shows that advertisers in the United Kingdom and Europe are rallying around Black Friday and Cyber Monday too. While the US leads in overall ad spend for Black Friday (81%) and Cyber Monday (105%), the UK runs a close second, followed by Europe.
What better indication that the shopping season is now global than robust ad spend growth across all three regions in 2018.
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