5 min read

2023 Ad Spend Insights

By Scott Desgrosseilliers on Jan 2, 2024 4:03:42 PM

As we close the chapter on 2023, a look back at the spending trends of Q4 2023 vs Q4 2022.

Overall ad spend was up 18% - this is a contrast from some of the gloom and doom we saw in the news.  Wicked advertisers ratcheted up the budgets.

Channel Q4 2023 VS Q4 2022

Facebook/Meta

Google

Microsoft

Pinterest

SMS

Snapchat

TikTok

10%

38%

22%

103%

71%

-98%

89%

 

For the entire year, spend was up in all channels except Snap

Channel 2023 AD SPEND VS 2022

Facebook

Google

Microsoft

Organic

Pinterest

SMS

Snapchat

TikTok

45%

110%

63%

-35%

79%

10%

-69%

123%

WICKED-2023-PPC-BUDGET-PIE-CHART
 

Facebook/Meta was the big winner on budget allocation:

 

Tune in later this week for the revenue generated from this ad spend.