Defying the Slowdown: The Rapid Rise of Ad Spend on TikTok

Defying the Slowdown: The Rapid Rise of Ad Spend on TikTok

Advertising & Promotions — Wed., Apr. 5, 2023

Research from WARC indicates that global ad revenue for video-sharing app TikTok is expected to increase by 51.7% in 2023. This is despite the wider ad market slowing, with the report based on advertising expenditure data from media owners. In 2023, TikTok's ad revenue is predicted to reach $15.2 billion, up from $10 billion in 2022 and $3.8 billion in 2021.

The report forecasts that ad spend will increase across all sectors on TikTok in 2023, even those that are predicted to experience a decrease in ad spend this year, such as automotive and soft drinks. Five categories have forecasted ad spend of more than $8.5 billion on TikTok in 2023: technology and electronics, toiletries and cosmetics, retail, clothing and accessories and telecoms and utilities.

The report was based on advertising expenditure data from media owners.

... continue reading below
Sign up for free to read the full article.
Enter your email address to continue reading

Defying the Slowdown: The Rapid Rise of Ad Spend on TikTok

Don't worry ... it's FREE!

Already a member? Sign in now.

Related Articles

How Decision-Makers Perceive B2B Ads on LinkedIn

How Decision-Makers Perceive B2B Ads on LinkedIn

Most business decision-makers say B2B ads on LinkedIn have clear messaging but lack emotional appeal, according to recent research.

How Brands Can Responsibly Roll Out AI as Government Regulations Tighten

How Brands Can Responsibly Roll Out AI as Government Regulations Tighten

Discover how the FTC's crackdown on deceptive AI claims affects marketing, why transparency matters, and how brands can ethically incorporate AI. Read more.

How to Stop Overpaying for Google Ads: Three Smarter Bidding Strategies

How to Stop Overpaying for Google Ads: Three Smarter Bidding Strategies

Discover effective strategies for optimizing Google Ads bidding to reduce wasted spend and boost campaign efficiency. Learn more.

How to Safeguard Brand Reputation in an Increasingly Risky Digital Landscape

How to Safeguard Brand Reputation in an Increasingly Risky Digital Landscape

See how brand safety and suitability frameworks can help protect your brand from harmful associations and content risks. Safeguard your brand. Read more.

The Impact of Privacy Laws on Digital Advertising

The Impact of Privacy Laws on Digital Advertising

Most advertising decision-makers expect privacy laws will impact their ability to deliver personalized digital ads campaigns, according to recent research.

The Rapid Growth of Spotify as an Advertising Platform

The Rapid Growth of Spotify as an Advertising Platform

Spotify has achieved double-digital growth in its ad business over the past six quarters, according to recent research.

Subscribe to the MarketingProfs Today newsletter