X is intensifying its efforts to allure advertisers during the 'Q5' period, showcasing opportunities for heightened audience engagement and reduced costs post-Christmas to mid-January.
During 'Q5', X anticipates decreased CPMs and cost-per-conversion, allowing brands to tap into post-holiday shopping trends and New Year aspirations. Last year, X observed a notable 5% decrease in average CPMs and a significant 27% reduction in the average cost-per-conversion.
'Q5' encompasses pivotal events, spanning holidays, sports, entertainment, and more, leading to amplified engagement. Brands can leverage these conversations to maintain relevance and maximize Return on Investment (ROI) amidst the heightened activity.
Based on last year's engagement data, X unveils a plethora of potential interest areas for brands, signaling promising avenues for strategic marketing and promotions.
X reports a remarkable surge of nearly 25% year-over-year in sports video views on the platform over the past six months. Additionally, the popularity of vertical video content is soaring, with over 100M global users watching vertical videos daily, averaging more than 13 minutes per day.
However, caution is advised regarding interpreting X's engagement metrics. The platform's definition of a 'view' in comparison to impressions has raised concerns, indicating potential inflation in the view count metrics.
X's video view metrics differentiate between various parameters, counting views when a user watches a video for at least 2 seconds and 50% visibility of the video player in-view. This contrasts with the view count displayed on posts, which counts any logged-in X user viewing the post, potentially leading to multiple views from the same person.
Issues persist regarding Elon Musk and CEO Linda Yaccarino's amplification of misleading engagement statistics through their X profiles, contributing to ambiguity surrounding actual reach and engagement metrics.
Despite concerns about accurate metrics and potential ad placement issues, evaluating X for post-holiday promotions is advisable, particularly for maximizing sales activity and reaching audiences during this period.
With fewer leading brands occupying prime spots on X, potential opportunities arise for advertisers to garner increased visibility through promotions on the platform.
While considering X for advertising endeavors, keeping a vigilant eye on actual engagement is recommended, especially amidst uncertainties surrounding engagement metrics.
Brands choosing to advertise in Q5 should closely monitor actual engagement metrics, not just inflated public counts. This will help them assess the effectiveness of their campaigns and make necessary adjustments.
Conclusion
While X presents attractive Q5 advertising opportunities, brands should carefully weigh the potential benefits against the concerns regarding data accuracy, misleading engagement stats, and harmful content.
Closely monitoring actual engagement and strategically aligning advertising with target audiences and goals can help brands make informed decisions and achieve success during this period.