Home Social Media For Social Retargeter Triggit, A Surge In FBX Revenue

For Social Retargeter Triggit, A Surge In FBX Revenue

SHARE:

zach-triggit-fundingFacebook’s Exchange is big business. Just how big can be hard to pin down, since Facebook breaks out neither revenue nor volume for its retargeting business. That leaves us grasping at occasional straws dropped by the 17 qualified FBX vendors.

For example, late last year AppNexus indicated Facebook was exposing somewhere around 7 billion daily impressions to its buyers. It’s safe to say impression volume has grown since then. More importantly, Facebook has added News Feed inventory to the retargeting pool, dramatically increasing response rates.

Here’s a new clue: DSP Triggit, which has repositioned as a Facebook retargeting specialist, is on track to transact gross media billings (not net revenue) of between $50 million and $100 million this year.

That’s according to CEO Zach Coelius, who — true to character — has been very vocal about his company’s pivot.

Coelius said Triggit’s revenue (including both FBX and IAB standard display, which Triggit never stopped buying) grew 779% from June 2012, when Facebook started a beta test of its real-time bidding exchange, to June 2013. He says neither month was an outlier, and adds that one year ago Triggit did “middle eight figures” in gross media revenue annually, and that the company hopes to break a  nine-figure ($100 million) revenue run rate in 2013.

While this is admittedly speculative terrain, that would seem to put Triggit’s 2012 gross billings at $40 to $60 million, growing to $80 to $100 million this year.

Coelius wouldn’t follow AdExchanger’s queries that far.

“I think the real story is just how big a deal FBX has been,” he said. “We just attached ourselves for the ride and it took us really far really fast.”

Much of Triggit’s recent growth has come through aggressive biz dev overseas. It claims to have helped launch three e-commerce sites in India and eight in Brazil, along with a number of travel sites.

Correction: An earlier version put Triggit’s estimated 2012 gross media revenue at $5 to $10 million. Those numbers were short a zero each, based on an accidental misstatement by Triggit.

Must Read

Comic: What Else? (Google, Jedi Blue, Project Bernanke)

Project Cheat Sheet: A Rundown On All Of Google’s Secret Internal Projects, As Revealed By The DOJ

What do Hercule Poirot, Ben Bernanke, Star Wars and C.S. Lewis have in common? If you’re an ad tech nerd, you’ll know the answer immediately.

shopping cart

The Wonderful Brand Discusses Testing OOH And Online Snack Competition

Wonderful hadn’t done an out-of-home (OOH) marketing push in more than 15 years. That is, until a week ago, when it began a campaign across six major markets to promote its new no-shell pistachio packs.

Google filed a motion to exclude the testimony of any government witnesses who aren’t economists or antitrust experts during the upcoming ad tech antitrust trial starting on September 9.

Google Is Fighting To Keep Ad Tech Execs Off the Stand In Its Upcoming Antitrust Trial

Google doesn’t want AppNexus founder Brian O’Kelley – you know, the godfather of programmatic – to testify during its ad tech antitrust trial starting on September 9.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

How HUMAN Uncovered A Scam Serving 2.5 Billion Ads Per Day To Piracy Sites

Publishers trafficking in pirated movies, TV shows and games sold programmatic ads alongside this stolen content, while using domain cloaking to obscure the “cashout sites” where the ads actually ran.

In 2019, Google moved to a first-price auction and also ceded its last look advantage in AdX, in part because it had to. Most exchanges had already moved to first price.

Thanks To The DOJ, We Now Know What Google Really Thought About Header Bidding

Starting last week and into this week, hundreds of court-filed documents have been unsealed in the lead-up to the Google ad tech antitrust trial – and it’s a bonanza.

Will Alternative TV Currencies Ever Be More Than A Nielsen Add-On?

Ever since Nielsen was dinged for undercounting TV viewers during the pandemic, its competitors have been fighting to convince buyers and sellers alike to adopt them as alternatives. And yet, some industry insiders argue that alt currencies weren’t ever meant to supplant Nielsen.