The news: US ad spending will grow a total of 11% in 2025, excluding political spending, per an updated Madison & Wall forecast cited by Mediapost. The figure is well above Madison & Wall’s previous estimate of 3.6% growth and follows 13% YoY growth in Q3.
Madison & Wall now projects that US ad spending will increase by 6.6% in 2026, or by 8.9% when including political advertising.