Effectv released new research detailing the impact that March Madness advertising has on media plans. In 2022, 65% of households tuned into March Madness programming, highlighting the opportunity advertisers have in reaching a broad, engaged audience.
“Incremental reach is on everyone’s mind in 2023, and this event provides an opportunity to reach audiences more than twice as efficiently as an average ad. This is an opportunity that can benefit advertisers of all sizes.”
These insights, collected from Comcast’s aggregated viewership data as well as third-party sources during March Madness 2022, reflect the importance of this event for advertisers. Households watch an average of 9.25 hours of March Madness programming over the course of the tournament, highlighting the widespread attraction of the series.
“The March Madness timeframe is small but mighty with its ability to reach wide audiences efficiently,” said Travis Flood, Executive Director of Insights, Comcast Advertising. “The engaged, live environment captivates viewers and encourages them to gather around the big screen – even those who don’t typically consume TV. Given the fragmentation in TV viewing today, this is an incredibly powerful tool for advertisers.”
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March Madness advertising is valuable in securing incremental viewership, as 50% of households reached by March Madness programming are uniquely incremental to the campaign. This means half of the audience reached with March Madness would not have otherwise been reached by the TV campaigns analyzed for 2022.
In addition to this data, the study found that:
- March Madness ads reach nearly 2.5x more households per commercial than the average program
- Streaming viewership on networks airing March Madness increases 86% during the tournament (versus the prior period)
- 67% (two in three) of businesses tune into games during the first and second rounds of the tournament
- 41% of March Madness viewing is done with another person
- Advertisers that include March Madness in their campaigns receive as much as 87% greater reach than those that do not
- March Madness advertising has the power to reach light TV viewing households – with this programming being 55% more likely to be viewed by this hard-to-reach audience.
“With March Madness, advertisers are reaching viewers who would not otherwise be seeing TV advertising,” added Flood. “Incremental reach is on everyone’s mind in 2023, and this event provides an opportunity to reach audiences more than twice as efficiently as an average ad. This is an opportunity that can benefit advertisers of all sizes.”
SOURCE: Businesswire
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