New Report Provides Insights on Millennials' Streaming Habits and Ad Preferences
SAN FRANCISCO, October 26, 2023 - Samba TV, the leading provider of TV technology for audience data and omniscreen measurement, today released its Guide to Targeting Millennials study results as part of a survey conducted with global research firm HarrisX. The report, focused on the millennial demographic that covers over 72M U.S. adults with more than $2.5 trillion in spending power, unveils key insights on this massive audience and how to reach them. One such finding from the survey of over 2,500 adults reveals that millennials are more open to ad-supported video-on-demand (AVOD) than other generations, presenting a unique opportunity for these platforms and advertisers to engage with this influential demographic.
With companies like Netflix and Amazon introducing ads to their streaming services, advertisers have increased opportunities and challenges alike when reaching viewers. Despite their upbringing with cable TV, millennials were the first generation to wield the scissors to cut the cord, making them a key audience to AVOD and free ad-supported streaming television (FAST) models compared to other age groups.
"Millennials are the generation that grew up on cable and were first to cut the cord, and have revealed themselves to be a core audience on AVOD and FAST platforms," said Samba TV Co-founder and CEO Ashwin Navin. "Their willingness to consume ads when streaming is a unique opportunity for advertisers to reach more than 20% of the US population, with more spending power than retiring baby boomers. By embracing an omniscreen strategy that addresses all the platforms where millennials consume video, advertisers can align their campaigns to connect with this hugely impactful audience."
Key findings from the report include:
This survey was conducted online within the United States from August 22-30, 2023 among 2,507 adults in the United States by HarrisX. The sampling margin of error of this poll is plus or minus 2.0 percentage points. The results reflect a nationally representative sample of U.S. adults. Results were weighted for age by gender, region, race/ethnicity, income, mobile carrier, streaming subscriptions, and party ID where necessary to align them with their actual proportions in the population.
About Samba TV
Samba TV has transformed the TV from a pane of glass on the wall to a window into the heart of audiences. We are the global leader in television technology powering real-time insights and audience targeting to enable unparalleled marketing efficiency and effectiveness. Our proprietary first-party data from tens of millions of opted-in televisions, across more than 20 TV brands sold in over 100 countries, provides advertisers and media companies a unified view of the entire consumer journey. Our independent currency-grade measurement has future-proofed advertising for the next generation, empowering advertisers to connect with their audiences on any platform, across every screen.