The news: Spotify announced updates to its advertising offerings on Wednesday, expanding access to its inventory and enhancing its addressability capabilities for programmatic buyers through several new partnerships via Spotify Ad Exchange (SAX).
Beyond SAX, Spotify announced new initiatives building on its Ads Manager offering, including a Smartly partnership to expand inventory and an upcoming split testing tool to compare various creative elements against KPIs.
Spotify’s ad strategy: Spotify has been accelerating its ad offerings after launching SAX globally in April in an effort to become a full-funnel advertising solution. Notably, the company continues to expand its programmatic podcast advertising initiative to boost growth, giving advertisers broader access to a growing market.
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