AOL is beefing up its ad tech capabilities further with the acquisition of video ad network and exchange operator Adap.tv. The move follows AOL’s recent attempts to reposition itself in the market at as a leading ad tech provider and a challenger to Google’s “stack” of ad buying and selling technologies.
According to the company’s earnings, which it also released today, third-party network revenue was one of the fastest growing areas of AOL’s business last year. Overall ad revenue rose 6.9 percent, but network revenue growth outpaced it at 8.9 percent. AOL hopes the addition of Adap.tv will add to that growth.
AOL has doubled down on ad tech in the past few months. It hired former Razorfish CEO Bob Lord to head up its Networks division, which houses its ad tech assets, in July.
CEO Tim Armstrong also told reporters a couple of weeks ago that the company has been investing heavily in its technology products, and that acquisitions were likely. He also said the company plans to start selling access to its programmatic buying tools in something akin to an TV upfront.
It remains to be seen if marketers will ever buy services from it in that manner, but it’s clear that AOL now wants to be seen as a major ad technology contender. It’s an area in which it’s historically failed to impress despite some high profile acquisitions.
More to follow.
More in Media
Streaming is the next frontier for Walmart’s, Kroger’s ads businesses
Walmart and other retailers have also recently invested in the ability to integrate their shopping data into video platforms like YouTube and TikTok.
‘A Super Bowl every two days’: Inside Unilever’s 50,000-creator World Cup play
50,000 creators activated globally, massive in-person pop-ups in host cities, and more are all part of Unilever’s World Cup creator push.
Amazon expands media footprint with iHeart sales deal and new TV outcome tool
Amazon is deepening its role in streaming advertising with an expanded iHeartMedia sales deal and outcome-based TV buying technology.