New YouGov Study Shows Only 25% of Advertisers are Ready for Cookie Deprecation, Advertisers Intend to Diversify Media Mixes in a Post-Cookie World
June 12 2024 - 9:00AM
Taboola (Nasdaq: TBLA), a global leader in powering recommendations
for the open web, today announced results from study conducted on
its behalf by YouGov, focused on advertiser reactions to cookie
deprecation.
Advertisers are bracing for the cookieless world and despite a
recent decision by Google to delay the cookie phaseout, advertisers
still have questions about their readiness for the new world and
the ultimate effect on business results it will have.
The new Taboola/YouGov study polled decision makers in
advertising and marketing to understand their level of preparedness
for cookie deprecation, the effect they anticipate it will have on
their business, and how it will affect their decision to invest in
certain advertising channels. Key highlights include:
- Advertisers aren’t ready for the cookieless future and
many agree with Google’s decision to delay the phaseout.
Only 25 percent of advertisers are completely prepared for the
cookie phaseout and 46 percent are happy with Google’s decision to
delay the phaseout.
- Advertisers will change the way they spend in a
cookieless world. 44% of advertisers anticipate shifting
advertising spend to different channels, as the cookie is phased
out.
- Advertisers see different channels as providing better
performance and return on investment in a cookieless
world. Search advertising and native advertising were
among those ranked as the strongest.1
All figures, unless otherwise stated, are from YouGov Plc. The
independent YouGov study was conducted on behalf of Taboola, and
polled 202 decision makers in advertising and marketing, in
companies with at least 100 employees. Fieldwork was conducted
online, and was undertaken between 3rd - 9th May 2024. The figures
are unweighted.
About TaboolaTaboola powers recommendations for
the open web, helping people discover things they may
like.
The company’s platform, powered by artificial intelligence, is
used by digital properties, including websites, devices and mobile
apps, to drive monetization and user engagement. Taboola has
long-term partnerships with some of the top digital properties in
the world, including Yahoo, CNBC, BBC, NBC News, Business Insider,
The Independent and El Mundo.
Around 18,000 advertisers use Taboola to reach nearly 600
million daily active users in a brand-safe environment. Taboola is
a leader in powering e-commerce recommendations, driving more than
1 million monthly transactions, with leading brands including
Walmart, Macy’s, Skechers and eBay among key customers.
Learn more at www.taboola.com and follow @taboola on
Twitter.
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number of factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements, including the risks
set forth in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023 under Part 1, Item 1A “Risk Factors” and
our subsequent filings with the Securities and Exchange Commission.
The Company cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
The Company does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
_______________
1 Outside of social media, advertisers think search advertising
(59%) and digital native advertising (55%) were likely to provide
the best performance/better return on investment.
Contact
Dave Struzzi
Dave.s@taboola.com
Taboola com (NASDAQ:TBLA)
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