Netflix’s message to advertisers last week was simple: we’re getting there. At the company’s third upfront presentation to advertisers, execs highlighted the growth of its ad-supported tier, touted new programming, including live competition series and sports—with plenty of celebrity appearances, and a performance from the Dallas Cowboys cheerleaders, who are the subject of a new docuseries. But even as it showed off new capabilities, including new brand lift measurement and additional ways for advertisers to incorporate first-party and third-party data into its ad platform, some new functionalities won’t be fully available until 2026, a reminder that in the TV world, Netflix is still very new to the advertising game. “I know you all heard us use the ‘crawl, walk, run’ analogy a million times,” Netflix president of advertising Amy Reinhard said onstage at the Perelman Performing Arts Center. “So instead, I’ll borrow a page from Drive to Survive and say that we’re pulling out a pit lane lane and we’re getting up to speed.” Netflix’s ads plan now has more than 94 million global monthly active users, Reinhard said onstage, more than double the 40 million it had a year ago. (That figure is based on Netflix profiles, so she estimated that the number of total viewers could be as high as 170 million monthly active viewers.) Beyond that, members of Netflix’s ad plan in the US spend an average of 41 hours every month on Netflix—“about the same amount of time we spend eating and drinking,” Reinhard noted. Netflix’s in-house advertising platform, the Netflix Ads Suite, also continues its rollout. The platform, which is live in the US and Canada, will be available in additional markets this week; by June, it should be available across all of its 12 ad-supported countries. “The foundation of our ad business is in place,” Reinhard said. “And going forward, the pace of progress is going to be even faster.” Read more here.—KS |