US Retail Media Ad Spending Forecast H2 2026

Growth Is Moderating as Off-Site Expands and Market Concentration Deepens

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About This Report
Retail media ad spending keeps climbing, but growth is slowing and the largest networks are tightening their grip. Off-site advertising, CTV, and AI shopping ads offer new revenue opportunities, while smaller networks face mounting pressure to stand out.
Table of Contents

Retail media’s ad spending growth is moderating, but it continues to gain share of US digital advertising. AI shopping assistants are creating new monetization opportunities on-site, while CTV and other off-site formats are expanding retailers’ reach beyond their owned properties.

Key Question: How can retail media networks (RMNs) compete and capture new growth opportunities as the market matures?

Key Stat: Amazon and Walmart will account for a combined 81.0% of US off-site retail media ad spending in 2027, leaving other networks competing for less than a fifth of the market.

authors

Arielle Feger

Contributors

Suzy Davidkhanian
VP, Content
Wendy Malloy
Director, Reports Editor
Sarah Marzano
Principal Analyst, Retail Media
Emma Noyes
Senior Graphic Designer, Data Visualization
Andrew Spink
Senior Forecasting Analyst
Johann Valderrama
Data Visualization Editor
Emman Velasco
Data Visualization Editor
Julia Woolever
Director, Report Editing
Ali Young
Senior Copy Editor and Manager of Content Operations
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