Almost a year ago, Campsite’s fully automated buying platform, specialized in out-of-home inventory, was launched in Canada. Now, on the tail end of our first year in the Canadian programmatic buying market, we’re proud to launch Canada’s first open exchange totally dedicated to Digital Out-of-Home.Read more Read more
Now that Campsite is wrapping up its first year, its a great time to share the results seen by the first vendor to connect its inventory to our platform. Indoor advertising leader Newad has had their unsold digital inventory available programmatically through Campsite’s DSP since May 2016. Here’s an overview of their journey.
Campsite’s programmatic buying platform has been presented to countless advertisers and media buyers and as a testament to it's reception we currently have nearly 100 activated accounts in Canada and growing. Interestingly, 55% of these buyer accounts had never executed a campaign on Newad inventory before becoming aware of Campsite.
Campsite DSP is being used by a variety of clients including direct advertisers, programmatic trading desks and smaller agencies specialized in digital strategy, creative or marketing services. The majority of activated accounts are larger national agencies with a broad range of services, and this category accounts for 35% of all transactions so far. 58% of these transactions came from programmatic trading desks that have, for the most part, been eager to access new premium video inventory.
Summary of Buyers on Campsite
|92||Active Buyer Accounts|
|168||Active Individual Users|
|41||Existing Accounts (previously purchased Newad inventory directly with Newad rep)|
|51||New Accounts (never purchased from Newad before)|
Overall Account Composition
|6||Communications & Marketing agencies|
|11||Digital Only Agencies|
|46||Multiple or Full Service Agencies|
|6||Programmatic-Only Buying Agencies|
|57%||of advertisers had never advertised with Newad before|
|43%||had previously advertised with Newad, although not necessarily through the same buying agency|
|75%||of accounts with transactions on Campsite were new accounts for the supplier|
|25%||of accounts were existing buyers of Newad's inventory|
The campaigns executed by these buyers targeted Newad’s remnant digital inventory and over 80% of the transactions paid under 0.08$ per view for completed views of 15 second video ads (for more on how views are counted, see here). Campsite’s DSP allowed buyers to track campaign delivery in real-time with customized dashboards.
The overall impact of monetizing this remnant space on Newad was a 12% increase in its incremental F2017 digital dollars– amounting to 9% of its overall digital revenues for that period, as illustrated in the graph below.
"It’s remarkable that I can open my dashboard in the morning and see income revenue in real-time coming from new advertisers. Some of these campaigns appear to have been planned and executed in the same day, and others last for months, so there’s now consistent revenue coming in through Campsite."
Jean-Francois Grenache, CFO, Newad
Year 1 - Impact on Newad sales
- Ad inventory from 90% of Newad's Restobar digital screens is available on Campsite
- 12% of incremental digital sales came directly from Campsite
- 9% of overall digital revenues from the Restobar environment came from Campsite
Source: Newad's F16 and F17 results
Needless to say, it’s been a busy first year for Campsite and we feel the results with Newad are a big success. It’s been a year full of learning, and Campsite’s clients – both on the supply side and on the buyer side – have provided tremendous insight.
A lot of new and exciting changes are coming in the near future. Most importantly, Campsite is now introducing real-time bidding as well as new suppliers and new environments, in addition to Newad’s Restobar network. We expect that these changes will attract a bigger volume of buyers and transactions.
Campsite for Suppliers - or the supply-side of the platform - allows suppliers to set their minimum floor price and make adjustments as necessary. Given that premium DOOH inventory is scarcer than overall ad inventory on the web, we don’t expect floor pricing to be the norm, but demand will dictate that in the end.
Suppliers control which and how much inventory is made available programmatically through Campsite at all times.
To find out more, check us out at www.campsiteproject.com and request and account!