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TV and Connected TV Ad Spending Forecasts 2023

Linear’s Pains Are CTV’s Gains

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About This Report
Our latest forecasts for TV and CTV ad spending, as well as those for time spent with each medium, point to CTV’s inevitable eclipse of its linear counterpart.
Table of Contents

Report Snapshot

The glory days of linear TV advertising are gone, but TV advertising isn’t going away as much as it’s shifting from traditional pay TV services (cable, satellite, and telecom) to internet-delivered connected TV (CTV) programming. This transition will accelerate as digital platforms continue to scale and advertisers warm to the benefits of CTV advertising over traditional TV, which include better targeting and measurement options and the potential for interactivity, ecommerce, and attribution.

3 KEY QUESTIONS THIS REPORT WILL ANSWER

  1. How much will advertisers spend on traditional TV in the next four years?
  2. What budgets are advertisers shifting to CTV?
  3. How is ad spending tracking with time spent for linear and CTV?

KEY STAT: Despite small spikes in even-numbered years, US TV ad spending will track negatively through 2027—and likely thereafter.

authors

Paul Verna

Contributors

Vivian Dong
Associate Forecasting Analyst
Zach Goldner
Forecasting Analyst
Evelyn Mitchell-Wolf
Senior Analyst, Digital Advertising & Media
Max Willens

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