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Learn More →US Ad Spending 2023
Amid Deceleration, CTV and Retail Media Are Silver Linings
Worldwide Ad Spending 2023
Our Latest Ad Spending Forecasts and Trends Across 6 Global Regions
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Table of Contents
Report Snapshot
US digital ad spending is in line for its lowest growth since the Great Recession.
Display will rebound slightly; search will do the opposite.
Digital video will prop up display advertising.
As the duopoly stagnates, Amazon is hot on Meta’s tail.
Retail media’s growth will defy the overall market slump.
Proliferating AVOD options will keep CTV flying high.
Social network ad spending—excluding TikTok—is in bad shape.
Traditional TV ad spending will be its lowest in a dozen years.
Digital audio ad spending will hit a short-term bump, then rebound.
What does this forecast mean for marketers in the US?
Media Gallery
About This Report
Ad spending is looking shaky for many of the legacy formats across digital and traditional. New channels have arrived, however, and there are bright spots. This year could be rough, but 2024 is looking better.
Table of Contents
Report Snapshot
US digital ad spending is in line for its lowest growth since the Great Recession.
Display will rebound slightly; search will do the opposite.
Digital video will prop up display advertising.
As the duopoly stagnates, Amazon is hot on Meta’s tail.
Retail media’s growth will defy the overall market slump.
Proliferating AVOD options will keep CTV flying high.
Social network ad spending—excluding TikTok—is in bad shape.
Traditional TV ad spending will be its lowest in a dozen years.
Digital audio ad spending will hit a short-term bump, then rebound.
What does this forecast mean for marketers in the US?
Media Gallery
Report Snapshot
Digital ad spending in the US faces its slowest growth rate in over a decade, even though almost $20 billion more will be spent this year than in 2022. Most of the new money is going to new channels, rather than those that were popular just a few years ago.
Key Question: What is the outlook for digital ad spending across the major channels and formats in 2023?
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KEY STAT: Digital ad spending growth has not been as low as 7.8% in the US since 2009, when spending contracted. Growth in the range of 10% should be considered the new normal.
authors
Ethan Cramer-Flood
Contributors
- Vivian Dong
- Associate Forecasting Analyst
- Zach Goldner
- Forecasting Analyst
- Peter Newman
- Senior Forecasting Analyst
- Andrew Spink
- Forecasting Analyst
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