‘An unprecedented period of Darwinian experimentation’: As sports return, Twitter eyes ad boost
The absence of live sport during the coronavirus crisis created a vacuum on Twitter which is starting to fill up with new content ideas from sports organizations.
Many of those organizations pursued ad opportunities on social networks like Twitter to soften the loss of match-day revenue. Sponsored content for Twitter with ad bumpers, or ‘presented by’ live streams and clips became popular choices among sports marketers.
Nearly eight in ten (77%) of the sports videos uploaded to Twitter between Jan. 1 and Sept. 15 came from media companies, according to Tubular Labs. In comparison, less than a fifth (18%) of those views came from influencers and 4.7% from brands and teams.
Some clubs like Liverpool, Manchester City and Tottenham Hotspur experimented with archive short-form content at a time when those advertisers that were still spending were on the lookout for pre-roll video ad inventory. These organizations were able to test Twitter’s ad serving functions and create more branded content in the absence of live sports, particularly around short-form video.
Over 45% of sports videos on Twitter so far this year are less than 30 seconds, per Tubular. More than a quarter (25.7%) were 30 seconds to a minute long.
“Because we have that immediacy and are increasingly a video-first platform we saw really interesting innovations from clubs and broadcasters to try and stay connected to fans,” said Theo Luke, director of content partnerships in EMEA at Twitter. “The hiatus of live sports was an unprecedented period of Darwinian experimentation.”
Some sporting organizations worked with sponsors like Emirates to create short-form video assets for Twitter and other platforms in the absence of live sports. On the weekend of The Emirates FA Cup quarter-final matches in March, for example, the Football Association broadcast simulated games in the Fifa 20 game matching the original schedule. One of the matches has attracted nearly 30,000 viewers to date.
“It [the hiatus of live sports] wasn’t a period where anyone was driving significant revenue because more often than not the advertisers weren’t there and if they were they were dampening spend,” said Luke. “The question is how many of those content innovations have legs going into the next six months.”
Nevertheless, the period of experimentation has paved the way for new ad slots and potential for more advertising as more live sport returns. In fact, advertisers are already starting to buy more ads around sports videos on Twitter.
In the U.S., for example, Bud Light is running a campaign around the NFL where fans get to choose which touchdown they enjoyed most of each game weekend using #BudLightCelly hashtag. Now is the time many advertisers will try to recoup some lost visibility when sports were paused.
“Despite the hiatus from advertisers during the peak period of lockdown, many have really rolled back since the [european] football season has returned which is encouraging,” said Luke.
Ad spending is being driven by the usual suspects when it comes to sports marketing on Twitter, with advertisers from the telco, gambling, gaming and CPG sectors buying packages, said Luke. Mondelez has bought a campaign around Premier League video on Twitter in South Africa. Other advertisers were new. The U.K Government, for example, has been one of the larger advertisers around sports video on Twitter in recent weeks. Often those buys focus on Twitter’s pre-roll inventory where ads appear ahead of the content, said Luke.
While the price of those packages can vary, they tend to fall between £50,000 and £70,000 for larger campaigns on average, according to one media buyer. They are, however, sold on a guaranteed basis so if the video views delivered don’t match the agreed amount then the advertiser only pays for the views they gained.
“The lack of match-day revenue has forced clubs to better understand the commercial value of platforms like Twitter and how to use its ad serving function and create more branded content,” said Aaron Duckmanton, global head of marketing, at sports video platform Grabyo.
The resurgent flow of ad dollars is a welcome reprieve for Twitter, which is without the campaigns it would have expected to attract had both the Olympics and European Championships football tournament not been pushed back until next year. That money hasn’t gone away, however, it’s just being moved around.
“We had a deal with one media owner around the Olympics and the lawyers on both sides of the contract were looking for the force majeure clause almost as soon as lockdown happened,” said Luke. “But the business case remains the same for us so we’ve renewed that deal and just postponed it until next year.”
Where other platforms have pursued pricey sports rights in recent years, Twitter has focused on the content partnerships it can build with the companies who own them. Even its deal to show NFL games, saw it broadcast them from the NFL’s profile on the social network. As sports begin to start up again, the strength of Twitter will be its ability to facilitate conversation around sporting moments rather than be the main conduit of them.
With sports sidelined for months mid-year (especially in the U.S.), sports video views on Twitter were understandably down year over year for the same time period from 37.5 billion to 31.9 billion, according to Tubular Labs.
How publishers are handling the Juneteenth holiday this year
A number of publishers are observing Juneteenth this year, but not in the same way, with some making it an official holiday and others encouraging employees to use their PTO to take the day off.
Cheat Sheet: How new antitrust bills could force more data access from Facebook and Google (and stop them from favoring their own services)
A set of bills proposed recently could force platforms to stop favoring their own services and give more data access and tech connectivity to others.
Single-source panel measurement is key to optimizing social media planning, says DISQO report
New study is based on responses from 166,000 U.S. consumers in February and March, each of whom voluntarily allowed to have their digital behaviors observed.
SponsoredIdentity solution fatigue is setting in: How to keep moving
By Kristina Prokop, CEO and co-founder, Eyeota As we move deeper into 2021, the desperate search for identity solutions that can smooth marketing organizations’ transitions to a cookieless world is reaching a fever pitch. There’s no shortage of new identifiers and identity technologies vying for attention — and that’s a big part of the problem. […]
Member ExclusiveMedia Briefing: How media companies’ DE&I efforts, office return statuses are affecting hiring
This week's Media Briefing looks at how issues like diversity, equity and inclusion and office return statuses are factoring into media companies' ability to hire people.
BuzzFeed will finally monetarily reward its Community users for their viral quizzes, lists
BuzzFeed is testing to see if user-generated content could identify new areas of coverage for its staff, and bring in niche audiences, with a new summer program that could pay a contributor up to $10,000 for a viral post.