As BuzzFeed struggles with advertiser uncertainty and a drop in user engagement, it reported flat Q3 ad revenue. Advertising revenue was $50 million, matching last year’s Q3. Ad revenue growth decelerated compared to Q2, “driven by ongoing price compression and uncertainty around consumer demand,” said BuzzFeed CFO Felicia DellaFortuna.
Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Insta Needs Its Groove Back Instagram has (mostly) been able to balance its business priorities with the interests of its users. But its streak is over. Instagram is struggling to recruit people to create content for its TikTok clone, Reels, The Wall Street […]
The Coca-Cola Of Accounts WPP won the pitch of the year: Coca-Cola’s media, creative and data agency business. The new account is “unparalleled in our industry in terms of breadth and depth of capabilities,” said WPP CEO Mark Read in a release. The fusion of creative, media and mar tech is indicative of a trend […]
