Paris Olympics Account for 43% of Ad-Spending Growth in July
Guideline says national TV spending was up 10% from a year ago, including the Summer Games
NBCUniversal's record-setting sales of advertising during the Paris Summer Olympics gave the overall ad market a boost in June, according to the latest figures from ad tracking company Guideline.
Even though the Olympics were on for only five days in July, ad spending was up 14% from a year ago, with spending on the Paris Games accounting for 43% of the increase.
Excluding Olympic spending, overall ad spending would have been up 8%, which Guideline says marks the 15th consecutive month of ad market growth.
For national TV, spending was up 10% in July including the Olympics. Excluding the Olympics, national TV would have been down 7% for the month.
Digital also got a boost from the Olympics, with spending up 18% in July, compared to 15% without Paris.
NBCU has said that Olympic ad revenue hit record levels. Its last estimate was that spending was $1.2 billion, exceeding the COVID-delayed 2021 Tokyo Summer Games, but because of high ratings, NBC was able to sell inventory it had reserved for make-goods had viewership fallen short of estimates.
Guideline said it expects the Olympics to have an even larger impact in August. The Olympics concluded on August 11.
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Guideline draws its ad spending data directly from computer invoices from the major media-buying agencies.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.