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Multicultural adtech surges as brands chase $4 trillion Hispanic market

The news: As political debates swirl around diversity efforts, adtech companies serving multicultural audiences like contextual marketing platform Mundial Media are gaining momentum.

  • Mundial’s tech goes deeper than broad demographics, analyzing linguistic cues to distinguish Hispanic subgroups. “We're not a DEI company. We're a growth marketing company,” says founder Tony Gonzalez, who built Mundial’s cookie-less, privacy-first platform from scratch—rather than retrofitting legacy systems—to help brands engage multicultural audiences.
  • Major agency holding companies like Publicis, OMG, and WPP Media have turned to Mundial for multicultural campaigns across sectors like auto, mortgage, and CPG. The company partners with publishers to build high-confidence audience segments.

Why it matters: Hispanic consumers represent a massive economic opportunity that transcends political considerations.

  • US Hispanics now control over $4 trillion in annual spending power—equivalent to the world’s 5th largest GDP, according to UCLA and Latino GDP Project data.
  • There are 65 million Latinos in the US market today, per the US treasury department.
  • Projections showing Hispanics will account for 70% of homeownership growth through 2040, according to the Urban Institute.

"If you're in [the] market to sell mortgages or cards, you're going to want to reach Hispanics," Gonzalez notes. Recent Super Bowl advertising from companies like Rocket Mortgage featured inclusive messaging targeting Hispanic homebuyers, underscoring this point.

Zooming out: The shift toward privacy-first advertising enhances the appeal of Mundial’s model. While legacy adtech cheered Google’s April reversal on eliminating cookies, Mundial’s engine evolves through machine learning and human input. This fall, the company will launch Cadmus 3.0, an AI-powered upgrade built to boost real-time targeting and predictive accuracy—timed to support Mundial’s World Cup efforts around premium Hispanic fan inventory.

While political tensions have caused some agencies to take a “wait and see, almost buckle up” approach to multicultural marketing, Gonzalez argues the math hasn’t changed: Brands still need new customers, and Hispanic consumers remain the fastest-growing segment.

Our take: The disconnect between political rhetoric and business reality creates clear opportunity for companies attuned to demographic shifts. While some brands may pause diversity messaging, the underlying consumer base isn't going anywhere.

  • Gonzalez’s framing of DEI stands out at a moment when many brands are reassessing or quietly retreating from their diversity efforts. This approach could resonate as brands face growing scrutiny from both sides—those who demand meaningful DEI action and those who see it as politically charged.
  • Recent backlash against companies like Levi’s and Target highlights the risk of mishandling cultural messaging, while new FCC scrutiny under Chairman Brendan Carr has turned DEI programs into potential liabilities. In this environment, Mundial’s positioning offers an alternative: Focus on reaching underserved consumers authentically and at scale—not to score points, but because it’s smart business.

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