We had recently done a piece on how Facebook is getting ready to sell video advertisements on their platform. In order to create some hype among advertisers, Facebook released some recent user data for the U.S. and UK. Get ready for this:
More than 128 million people in the U.S. visit Facebook at least once a day. That’s a third of the population! Also, in the UK, about 24 million people visit the social media website everyday.
Of course these numbers are pretty staggering on their own, but another important thing to take away from this announcement, is that this is one of the first times Facebook has released regional data. This is significant to TV advertisers, who rely heavily on those breakdowns. Facebook is trying to show all the advertisers out there just how many people they can reach on a daily basis.
At $66.3 billion estimated to go towards TV ads this year, or 39% of all advertising spent in the U.S., there is some serious money to be made by Facebook. Although these daily user number are no doubt impressive, advertising analysts would like to see more granularity before they can really put a value on Facebook’s reach. For the first time ever, researchers say the average time spent on digital media will surpass TV viewing this year.
We can all see where TV advertising is going and it is no surprise that Facebook is on the forefront. Sure there will be some backlash from user over having video ads in their newsfeed, but after seeing the potential revenues for Facebook in this new field, we expect to see them take TV advertising head-on.
-Mike & Samantha