New Wurl Report Finds CTV Engagement is Growing, Meeting Peak-Pandemic Highs
September 18 2024 - 10:15AM
Business Wire
Findings reveal average daily hours of viewing
and session length are on the rise following a post-pandemic dip,
while ad fill has declined amid rapid channel growth
Wurl, a leader in the CTV industry, today published The CTV
Trends Report 2024 – a new data-driven study that looks at shifts
across both the content and ad experience on connected TV taking
shape this year. The in-depth report reveals metrics on sessions,
ad load, and viewership in order to provide streamers and content
providers with insights that can help inform business
decisions.
This latest trends report from Wurl comes as the evolving CTV
landscape continues to grow increasingly complex. With more
streaming content now available than ever before, both publishers
and marketers must prioritize the modern viewer experience and
understand how key trends surrounding viewer behavior can impact
their business strategies – including how shifts toward CTV are
influencing engagement and where the industry stands
post-pandemic.
“As one of the largest operators of FAST (free ad-supported
streaming TV) channels and a leader from the very beginning in this
space, Wurl is in a unique position to recognize viewership habits,
and help our streamers and publishers develop strategies to engage
their audiences,” said Ron Gutman, CEO, Wurl. “While our latest
insights show viewer engagement on CTV climbing, growth isn’t where
it used to be as discoverability challenges with the EPG and user
experience persist, signaling an opportunity for greater innovation
on the medium.”
Key takeaways from the report include:
- Average daily hours of viewing are increasing: After
experiencing a rise during COVID-19 from 2020 to 2022 – and a
slight decline thereafter – average daily HOV is seeing an uptick
in 2024, up 5% in Q3 2024 compared to Q3 2023.
- CTV is slowly growing stickier: Churn rates have largely
stabilized and seen a slight downward trend over the past three
years.
- Viewers are watching for longer: After experiencing a
post-pandemic dip, the average session length of CTV viewers is up
nearly 7% in Q3 2024 compared to the same quarter last year.
- Holiday channels perform exceptionally well: During
December, viewership on holiday channels unsurprisingly increases
to four times that of other months, though 25% of viewers continue
to watch holiday content throughout the summer.
- Ad fill rate is cyclical and experiences seasonal
variations: 2024 fill rates are noticeably lower as compared to
previous years, likely due to an explosion of supply in the
market.
Learn more about Wurl and read the full report, The CTV Trends
Report 2024, here.
About Wurl
Wurl is a leader in the CTV industry, helping connect viewers to
the content they want to see with technologies for distribution,
monetization, and advertising. The company supports publishers,
streamers, and advertisers in growing viewership, maximizing
revenue, and strengthening brand value. Wurl is owned by AppLovin
Corporation (NASDAQ: APP). For more information, visit
www.wurl.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240918132324/en/
Tori Owens Wurl press@wurl.com
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