Tag: Ads event

Spotify Celebrates Its Next Stage of Advertising in New York City

Some of the biggest names in marketing, advertising, publishing, traditional and social media, and the creative worlds gathered yesterday at Chelsea Factory in New York City to help usher in the next stage of Spotify Advertising.

During our inaugural Spotify Advance event, we showcased our commitment to modernizing our ad tech, strengthening our partnerships, and deepening our human expertise to make it easier for advertisers to buy, create, measure, and achieve clear results on Spotify’s ad platform.

The Three Key Takeaways for Advertisers From Our Spotify Advance Event

The next stage of Spotify Advertising has arrived. Today, during our Spotify Advance event in New York City, we unveiled a host of updates that make it easier for advertisers to buy, create, measure, and get clear results on Spotify’s ad platform. These efforts reflect a big leap forward in automated buying and creative innovation for Spotify and the broader digital audio industry, most notably, the new Spotify Ad Exchange

We know that one of the reasons advertisers turn to us is because we’re constantly innovating at the intersection of culture, tech, and creativity. 

So we now have new ways to help advertisers jump into Spotify’s creative playground with ease, including our new Spotify Gen AI Ads.

1. We’re modernizing our ad platform to give advertisers the flexibility to buy Spotify in the way that works best for them: the new Spotify Ad Exchange and our self-serve Spotify Ads Manager.

  • Spotify Ad Exchange (SAX) is our new programmatic offering. For the first time, advertisers can now access Spotify’s engaged, logged-in users via real-time auction with full addressability and measurement capabilities in whatever way works best for them. Beginning today, in addition to The Trade Desk, the Spotify Ad Exchange is now available via Google’s Display & Video 360 and Magnite, with Yahoo DSP, Adform, and many more to come soon. These partners now have access to our suite of audio, video, and display formats across music, with podcasts coming soon. SAX is now available to advertisers across the U.S., Canada, Europe, Australia, New Zealand, India, Singapore, Brazil, and Mexico.
  • Spotify Ads Manager: We’re continuing to innovate our self-serve platform with more advanced targeting capabilities, new 1P and 3P measurement solutions, and new outcome-based objectives to help advertisers of all sizes create, optimize, and measure their Spotify campaigns, including Spotify Pixel, Custom Audiences, key third-party partnerships, and a new App Installs objective.

2. We’re making it easier than ever for advertisers to create with Spotify.

  • Spotify Gen AI Ads: We’re bringing our decades-long AI expertise and innovative approach to our advertising partners to enable them to create scripts and voiceovers at no additional cost, making it easier than ever to create high-quality, scalable audio ads. Gen AI Ads are available to advertisers in the U.S. and Canada in Spotify Ads Manager.

  • Spotify Creative Lab: Our dedicated team of creative minds work collaboratively with brands and agencies to inspire and scale creativity and to build unique and effective campaigns made just for the Spotify platform. Our Creative Lab team has helped brands create first-of-its-kind Spotify experiences, like Bestie Mode with Coca-Cola and Oreo; American Express and Resy’s Music Taste campaign; and “100 Years of Chevrolet” in Brazil.
  • Spotify AUX: Our in-house consultancy brings together our unrivaled know-how in music, podcasts, culture, experiential, and content production to bridge the worlds of brands, artists, creators, and fandom. Our mission is to provide innovative solutions that elevate brands through the power of music and culture. Today, we’re welcoming two partners to the AUX family: Visa and Kona Big Wave. We’re also continuing our multiyear partnership with Coca-Cola.

3. We’re helping advertisers reach their goals on Spotify with new measurement tools built just for Spotify and new 3P partnerships: We’ve rebuilt our first-party measurement stack and expanded tools with key third-party partnerships, enabling advertisers to evaluate performance across the funnel.

  • New Lower-Funnel Objectives: Starting today, our new App Installs Objective enables advertisers to show ads to people likely to click and download their app, while our new Website Traffic Objective enables advertisers to optimize their campaign toward people most likely to view their website.

  • Measurement Solutions: We’ve updated Spotify Brand Lift, our 1P measurement tool that helps advertisers understand how their Spotify campaigns impact their brand metrics. We’re also bringing Spotify Brand Lift and Spotify Pixel to Ads Manager. Lastly, we’re investing in key 3P partnerships to offer greater measurement capabilities and ensure that Spotify can be a trusted partner in this ever-evolving landscape.

Check out more coverage from Spotify Advance and visit Spotify Advertising for more about our advertising program and tools.

Spotify Tunes Up Platform To Make It Easy for Advertisers To Buy, Create, and Measure

Spotify Advertising hit a new high note today as we unveiled how we’re making it easier than ever for advertisers to buy, create, and measure on and for our platform.

We’ve been hard at work investing in our ad platform, modernizing our ad tech, and solidifying industry partnerships to become a platform that delivers results for advertisers of all sizes. During our first Spotify Advance event in New York City, we showcased a suite of new ad solutions that will unlock the full power of Spotify.

This next stage of Spotify Advertising was ushered in with news of the launch of Spotify Ad Exchange. We call it SAX for short. For the first time, advertisers will be able to access Spotify’s engaged and logged-in users via real-time auction, with full addressability and measurement capabilities. Today, advertisers can plug into SAX via The Trade Desk, Google Display & Video 360, and Magnite, with Adform and Yahoo DSP coming soon.

We also shared how we’re making our self-serve Spotify Ads Manager work harder for advertisers with new tools and solutions to help them meet their objectives, including enhanced targeting and measurement capabilities.

To complement our automated buying solutions, we introduced new ways for advertisers to create with Spotify: our in-house agencies, Creative Lab and AUX, and our new Spotify Gen AI Ads.

We’re also making our platform more addressable to help advertisers better measure the impact of their Spotify campaigns with our Spotify Brand Lift solution and new App Installs objective, alongside industry-leading tools from our third-party partners.

For the Record sat down with Spotify’s Global Head of Advertising Lee Brown to unpack these developments and hear more about how Spotify is revolutionizing advertising for brands of all sizes.

This is such an exciting new chapter for Spotify! Why is it so critical to assemble these global CMOs, agencies, creators, and key influencers now, and share these updates?

Thanks! I’m really proud of our team for getting us to this point—we’re happy to finally be able to share what we’ve been busy working on. Spotify Advance marks a pivotal moment for our company as our advertising business enters a new stage. We’ve been investing to become a platform that can deliver results for advertisers, whatever their goal, whatever their size. 

Whether you’re a CMO, a media agency buyer, a podcast publisher, a seasoned creative director, or a creator looking to grow your brand, we’ve got you covered. We invited this cross-sectional group to learn about our new solutions firsthand and hear from our team directly on why Spotify should play a bigger role in their marketing strategy.

What are the biggest benefits that our ad products offer businesses? 

Spotify Free users tune in to Spotify for two hours each day, making it an essential daily companion that gives brands the unique opportunity to connect with super-engaged fans in our positive environment. People feel good when they’re on Spotify. This is good for advertisers looking to build new connections or go deeper with their audience. In fact, Spotify’s 2024 Culture Next report found that 71% of Gen Zs see Spotify as the ultimate antidote to doomscrolling.

Now it’s easier than ever to reach these users thanks to solutions like the Spotify Ad Exchange and Spotify Ads Manager, and to create audio ads made for Spotify with our intuitive Gen AI Ads. Advertisers in the U.S. and Canada can now leverage generative AI in Spotify Ads Manager to produce scripts and voiceovers at no additional cost, making it easy to create high-quality, scalable audio ads. We’ll be launching Gen AI Ads in the U.K. next.

And because we all know that if you can’t measure it, it really doesn’t matter, we’re also bringing more measurement solutions to our platform. We want to ensure advertisers can more easily understand the impact of their campaigns with tools like an enhanced Spotify Pixel and new partnerships with leading third-party players, including DoubleVerify, IAS, AppsFlyer, and Kochava.

How is Spotify Advertising unlocking innovative ways for brands to connect with artists, creators, and fans?

We’re on the cutting edge of culture and creativity—and we know that’s one of the reasons advertisers turn to Spotify. So just as we’re making it easier to buy on Spotify, we’re making it even easier for advertisers to create for Spotify and in collaboration with us. That’s where our in-house agencies, Creative Lab and AUX, come in.

Creative Lab is our dedicated team of creative minds that works collaboratively with brands and agencies to inspire and scale creativity to build unique and effective campaigns made just for the Spotify platform.

Our in-house music consulting agency AUX leverages our expertise in music, culture, creators, and fandom to elevate brands as only Spotify can. Today, we welcomed Visa and Kona Big Wave to the AUX family and announced the expansion of our partnership with Coke Studio.

How should advertisers approach younger audiences like Gen Z, assuming their habits are different from older generations?

More than 251 million Gen Zers turn to Spotify as their daily companion, so we know this audience well. We’ve built an intimate, engaging, and uplifting space for them, and they also use us to soundtrack moments throughout their day—not just when they’re sitting in front of a screen. For brands, that’s a really exciting opportunity to engage this young audience at key moments throughout their day. Now it’s easier than ever to do that on Spotify. 

Check out more coverage from Spotify Advance and visit Spotify Advertising for more about our advertising program and tools.