The company's monthly ad-supported OTT streaming audience reach has grown from 20 million in January to more than 40 million today, said Chris Bodkin, Head of U.S. OTT and Audio Advertising for Amazon Advertising.
Amazon’s monthly ad-supported OTT streaming audience reach has grown from 20 million in January to more than 40 million today, said Chris Bodkin, Head of U.S. OTT and Audio Advertising for Amazon Advertising, during FierceVideo’s OTT Blitz Week. The executive also indicated that the growth is being driven by IMDb TV and a “growing list” of integrations with third-party publishers through Amazon Publisher Services.
According to Bodkin, Amazon Advertising has been able to provide more than 3% incremental reach over linear TV with adults 18-49, and 74% of that reach was exclusive to Amazon Advertising and not duplicated on linear TV.
Amazon is going up against other ad-supported streaming services like Pluto TV, Tubi, Hulu and Xumo for a share of the booming AVOD market. MoffettNathanson predicts the overall value of the AVOD market will increase at a 34% compound annual growth rate over the next five years and total nearly $14 billion by 2024.
Bodkin said that Amazon Advertising is comparing performance between ad campaigns that use Amazon’s behavioral audience signals instead of traditional demographics used for linear TV ad buys. Furthermore, across campaigns run on Amazon OTT, the company is seeing an average 44% increase in consideration when advertisers use Amazon’s audience-based behavioral signals.