Global Analysis: Tracking Facebook and Instagram CPMs Alongside Covid-19 Active Cases

Several weeks ago, Tiger Pistol’s Paul Elliott, CEO, began tracking a global analysis of the weekly growth of active COVID-19 cases in eight countries to determine how they correlate with the average Facebook and Instagram CPMs during the same time*, all to discover if CPMs could be a leading indicator of economic recovery.  Since then, we’ve been closely monitoring the trends outlined in Paul’s original publication and will be offering  insights as they arise in the data.

Updated August 6, 2020

With July over, the formal #StopHateForProfit boycott has ended. As a refresher, more than 1,100 advertisers paused advertising on Facebook and Instagram for July. Some advertisers have doubled-down on their commitment to their customers and will continue to freeze spend on the platform for the foreseeable future.

Despite the boycott, Facebook reported a 10% year-over-year increase in advertising revenue, which isn’t as surprising as it seems, seeing as most of Facebook’s advertising revenue comes from small- and medium-sized businesses

From a health perspective, things have escalated across the globe, some more rapidly than others. Notable highlights include:

  • In the United States, the number of active cases grew week-over-week, while CPMs rose and fell. 

  • In Australia, a “state of disaster” has been declared for the state of Victoria due to a steep increase in cases. Our friends in Melbourne are now under a curfew for the foreseeable future due to a “Stage 4” level restriction in the area. CPMs for July rose and stabilized at the end of the month.

  • Spain saw a large increase in cases towards the end of the month, but experienced a recovery in CPM after experiencing a small drop mid-month.

  • Canada, on the other hand, realized an 80% decrease in its active cases week-over-week in a stunning change, while only seeing a small drop in CPM. An article in the Washington Post contributes Canada’s success to a number of factors, most notably, “The Canadian people have been less divided and more disciplined. Some provinces and territories could have locked down sooner, analysts say, but once measures were announced, they were strict, broadly uniform and widely followed.”

It’s clear that Facebook as a platform is a major outlet for advertisers big and small. With audiences engaged more than ever, it makes the decision to continue an advertising boycott dedicated to a single technology even more difficult. With fall quickly approaching and school shopping on the horizon for us in the U.S., absence from an ads platform could cause a considerable revenue hit for many companies’ forecasts.

Updated July 17, 2020

Halfway through July, we’re still seeing surges in the United States and Brazil. Australia has seen a shocking increase in cases from the start of the month. It’s fair to say that there is a loss of correlation between cases and CPMs, most likely because of the inconsistency of closures and pandemic guideline messaging. In countries like the US, Australia, and Canada, where national economic reopening is continuing, CPMs have risen even as active cases rise.

In Spain and Brazil, where active cases have also risen, CPMs have done the opposite and fallen, a conundrum.

Even more confusing, Germany and Italy have seen active cases dropping, but their CPM has also dropped by 22% to 32% week-over-week.

We intend to keep tracking to keep abreast of any trends that may emerge, revisiting the data monthly during the pandemic and recovery to identify correlations.

Updated July 10, 2020

We’re officially in the second half of the year, and cases are still rising in countries like the United States and Brazil, with numerous U.S. cities posting daily records. From a medical perspective, in the United States, multiple states are beginning to mandate residents wear masks in an effort to slow the spread and businesses are moving back to partial opening or closure.

We’re also nine days into the #StopHateForProfit campaign, which saw a 32% drop in CPMs week-over-week in the U.S. Whether this drop is connected to the shift away from Facebook spend or the rise in cases remains to be seen.

Canada saw the steepest drop in CPM with 42% week-over-week.

Germany is the outlier in this week’s report. They’ve not only seen a drop in cases this week, but their CPM is the only one to rise this week. 


Updated July 2, 2020

A few days ago, we hit 10 million global COVID-19 cases, a milestone we didn’t think we’d see a few months ago. Now entering the third quarter of 2020, we might begin to see some fluctuations as governments enact long-term plans for the safety and well-being of their citizens.

Overall, we’re seeing cases spike in the United States and a continued rise in Brazil.

In other countries, a slight uptick in cases, but the same sort of fluctuations in CPM from week to week. Within July, we may also begin to see effect of #StopHateForProfit on Facebook advertising, but this might only affect US CPMs. 

Curiosities:

  • Italy has made the biggest comeback, with their CPM regaining strength this week to the highest level since before we began tracking.
  • Canada & Spain are also seeing CPM strengthening.
Updated June 26, 2020

This week’s overarching message can be stated in a word: Instability. Some countries are trying to decide “is this over?,” while others are clearly not out of the woods. 

We’re still in Wave 1 in most places, and a case could be made for Wave 1.5. Studies are showing that being in enclosed places (restaurants, bars, etc.) increases the likelihood of contracting the virus, which leads to a lot of businesses having to make the decision whether or not to reopen or stay closed. Through the end of Q1 and beginning of Q2, it’s clear there was stability in most of the countries.

United States/Canada: Three of the largest populated states in the USA have begun experiencing a rapid spike of cases within the last week, leaving governors to decide to continue or halt phased openings. June as a whole saw an increase in overall CPM, after an initial dip at the start of the month, but with the uncertainties surrounding freedom of movement during the summer, we’re predicting CPMs may drop again in July (as seen in the last week). 

EU: The EU ramped up opening its borders, with most of the countries listed below open to travelers on the continent. Spain has seen a resurgence in cases and while they reopened their borders, a mandatory quarantine is in place and CPMs – while overall had steadied, plummeted the first weekend of reopening. Italy, similarly to Spain, has seen a sharp rise and fall of CPMs in a 3-week period, but have not seen a rise in cases (except for a new set of cases in the southern part of the country). Germany is all over the map, with sharp rises and drops, garnering attention as while the country was set to reopen fully, officials were forced to put that on hold due to a case flare up.

Australia: Australia managed to deal with the outbreak pretty swiftly, with a short spike and then drop off of cases. This has led to a steady rise of CPMs for the region.

Late outbreaks:

Brazil – Brazil as a country is really struggling, drawing eyes not only from a public health crisis perspective, but also from a “discount” perspective. CPMs remain steady since their drop in Q1, as the country has yet to see a drop in cases.

For continued updates, be sure to bookmark this page. To learn more about Tiger Pistol and social advertising at scale for SMB resellers, agencies, and global brands, contact us today!

Localogy Live: Interview with Tiger Pistol CEO Paul Elliott

Recently, Localogy’s Mike Boland chatted with Tiger Pistol CEO, Paul Elliott, about driving social advertising success on a local level for enterprise brands, agencies, and SMB resellers alike. As Tiger Pistol continues to grow, its sights are set on further penetration among the enterprise market. Elliott reveals how the organization has been structured to serve these unique customer sets from both a sales and a product perspective.

“We can accomplish the things that everything else says “no” to. Those things that are just assumed that you can’t do or that they are too big, they’re too scary, they’re too hard – that’s what drives us forward.”
– Paul Elliott

Watch the on-demand video now on Localogy.com.

Tiger Pistol Takes Home Two U.S. Social Media Awards, the Latest in a String of Honors for the Company

Tiger Pistol Recognized for Excellence in Social Media Advertising, Innovation, and Strategy

Tiger Pistol, the only social advertising platform that delivers local activation at global scale, announced today that it recently won two U.S. Social Media Awards – Best use of Facebook/Instagram and the Innovation Award. The company was also runner up for Best Use of Paid Social, Best Social Media Campaign, and Best Strategic Use of Social Media. 

With these latest awards, Tiger Pistol is now the most awarded and recognized social platform of 2020. In the span of eight months, Tiger Pistol was recognized by Digiday as the Best Social Media Marketing Platform, by Street Fight for Best Social Media Campaign, by Localogy as Best Localized Marketing Campaign, by AdExchanger for Best Social Media Campaign. Additionally, Tiger Pistol took second place in the Franchise Innovation Awards. The company was also named a finalist for three Shorty Awards for Best Facebook Campaign, Best Strategic Use of Localization, Best Use of Social for Consumer Products; and a finalist for two Digiday Media Awards for Best B2B Brand Partnership and Most Original Use of Social. 

“These honors really speak to the quality of our social advertising technology, our company culture, and our common mission,” said Paul Elliott, Tiger Pistol CEO. “We want to help our clients grow. We’re highly competitive and fearless. You’ve got to be bold when you’re competing in a highly dynamic marketplace. We like to say we can accomplish the things that everyone else says ‘no’ to – what’s assumed to be too big or too scary or simply can’t be done. These are the challenges that propel us forward with great success.” 

See how the award-winning Tiger Pistol Platform can unlock local activation at global scale for your business.  Request a demo today!

COVID-19 Response Program for Consumer Products

A responsive local strategy that allows for flexible tactics ensures that you deftly respond to changing buying practices and different retail partner needs. Our Covid-19 Reponse Program for Consumer Products Playbook show you how you can continue to drive online sales for retail partners that offer online buying paths, while also providing alternative means for those who cannot, ensuring you can still deliver results for your retail partners while delivering on your brand initiatives. With the right tools, these sorts of scaled activations can be executed with ease.

Video: Tiger Pistol Brings New Jobs to Cleveland

Recently, Good Morning Cleveland anchor Katie Ussin visited the Tiger Pistol office to see our new space and learn more about the opportunities we’re bringing to the city. Watch the video and read the accompanying article on the challenges of opening a new office during a pandemic.

Learn more about working at Tiger Pistol and see our career opportunities.

Tiger Pistol Expands Operations to Northeast Ohio

Tiger Pistol, the only social advertising platform that delivers local activation at global scale, has opened its first operation outside of its headquarters in Austin, Texas, bringing at least 25 new jobs to Cleveland.

The Tiger Pistol Cleveland Office is located in an historic building on W. 6th Street.

The company, which ranks in the Top 100 of the Inc. 5000 list of Texas’ fastest-growing private companies and in the Top 5 among advertising and marketing companies, resides in a space on West Sixth Street in the Warehouse District of Downtown Cleveland for its Cleveland office. The expansion will further accelerate Tiger Pistol’s innovation roadmap for tools that help global brands, agencies, and resellers capitalize on the benefits of Facebook and Instagram advertising.

Tiger Pistol cites the Cleveland-area’s pool of technology and marketing expertise and affordability as some of the key driving factors for expansion into the market.

Tiger Pistol CEO, Paul Elliott is no stranger to building successful marketing companies in Cleveland. “Having had the opportunity to build my own digital marketing agency here, as well as serve in a leadership capacity for other outstanding Cleveland-based marketing and technology organizations, I am well aware of the amazing assets we have access to here in Cleveland,” said Elliott. “Cleveland’s world-class marketing and technology talent and their amazing work ethic is a competitive advantage when building and scaling a business. Our Cleveland expansion will help further strengthen our social advertising offering, which is already the dominant solution for multi-location marketers.”

The company considered other locations throughout the Midwest, but a team comprising the city of Cleveland, Project Management Consultants, JobsOhio and Team NEO collaborated to ensure Tiger Pistol would choose Cleveland for its expansion. The project is still subject to approval of state and local incentives.

“The City of Cleveland welcomes Tiger Pistol’s decision to invest and grow in Cleveland,” said Mayor Frank G. Jackson. “This investment reflects the continued growth of Cleveland’s technology sector and we look forward to working with them on their expansion.”

Citing a quality workforce and Ohio’s business climate as benefits to operating in Northeast Ohio, Bill Koehler, CEO of Team NEO, added, “Northeast Ohio is home to great companies looking to deepen their digital marketing and technology capabilities in order to grow. Tiger Pistol’s decision to invest here is a strong statement about the depth and breadth of the digital technology capabilities in this market. We expect their success to offer further encouragement to other digital technology companies exploring a significant investment in Northeast Ohio.”

About Tiger Pistol

Tiger Pistol is the world’s #1 social advertising automation platform for local. For nearly a decade, the company has been obsessively focused on building the world’s most effective social advertising platform for global brands, resellers, and agencies who realize the power of local activation at scale. As a preferred Facebook Marketing Partner and the largest third-party publisher of social advertising for local, Tiger Pistol creates, deploys, manages, and optimizes high-performance Facebook and Instagram ads at unprecedented scale, with over 800k Facebook and Instagram campaigns published to date. Tiger Pistol’s first of its kind technology delivers meaningful and measurable business impact for brands, resellers, and agencies alike, helping to unlock value and efficiency through innovation-led social advertising automation. Tiger Pistol has been recognized by Digiday as the Best Social Media Marketing Platform, by Street Fight for Best Social Media Campaign and by Localogy as Best Localized Marketing Campaign, and by AdExchanger for Best Social Media Campaign. Tiger Pistol Ranks in the Top 100 on the Inc. 5000 List of Texas’s Fastest Growing Private Companies and in the top 5 among advertising and marketing companies.

About Team NEO

Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of Northeast Ohio. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in Northeast Ohio’s 18-county region; we conduct research and data analysis to inform local conversations and influence solutions; we market Northeast Ohio as a region; and we work to increase access to jobs, education and training for the region’s 4.3 million people. For more information, visit teamneo.org.

About JobsOhio

JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.

Playbook: Social Advertising at Scale for Restaurants & Food Service Brands

While some major platforms have begun to offer advertising objectives that align with local needs such as calls or visits, none come close to the easy, effective tools Tiger Pistol provides to activate and manage your Restaurant or Food Service brand’s social advertising at scale.

Unlocking Local Activation at Scale is the social advertising playbook that reveals just how simple and efficient Tiger Pistol’s social advertising platform makes it for Restaurant and Food Service brands to onboard and empower their locations or channel partners with brand-approved, best practice, Facebook and Instagram campaigns — all customized for their local audiences.

Tiger Pistol, with Realogy, Named Finalist in Digiday Media Awards

Tiger Pistol Honored with Realogy for Social Advertising Strategies that Turned Real Estate Agents into Powerful Local Marketers

Tiger Pistol, the only social advertising platform that delivers local activation at global scale, has been named a finalist in two categories, Most Original Use of Social and Best Brand Partnership – B2B, in the prestigious Digiday Media Awards for its collaboration with Realogy, the largest residential real estate company in the US, for their Social Ad Engine product.

“By pairing Realogy’s real estate industry expertise with Tiger Pistol’s knowledge of social advertising at scale, we were able to deliver a large scale social advertising capability that drives remarkable results for Realogy’s real estate agents,” said Paul Elliott, CEO, Tiger Pistol. “Our relationship with Realogy is a true partnership, and the campaigns we execute together dramatically exceed expectations for effectiveness and cost efficiency. These honors from the Digiday Media Awards highlight Tiger Pistol’s industry leadership, as well as the collaborative nature of the relationships we share with our partners, like Realogy.”

Social Ad Engine’s industry-leading platform enables Realogy’s agents and brokers a seamless experience to publish high performing Facebook and Instagram ads. Every listing campaign leverages Social Ad Engine’s best-in-class, automatic A/B testing to ensure agents’ budgets are spent effectively to drive the best outcome. Agents realize the benefit of local social advertising with campaigns that are published directly from their Facebook Business Page versus from an office, company or brand page. For agents without an active listing, Social Ad Engine enables the auto-creation of branding campaigns to ensure agents can promote themselves anytime across the Facebook family of apps.

“Just like every Tiger Pistol platform offering, we developed Social Ad Engine with users in mind, simplifying the arduous process of publishing social ads for each listing by building behind-the-scenes automation,” said Talia Wachtel, VP Client Management at Tiger Pistol. “Our platform lets agents onboard and connect their Facebook Business Page quickly and publish thumb-stopping ads with only a few clicks. Agents can easily see what they are accomplishing with intuitive dashboards to view their campaigns, metrics, results, and other key elements. Moreover, they can download a report to demonstrate campaign success to their clients.”

“Tiger Pistol’s knowledge of social media campaigns, service level, attention to detail, and true commitment to our partnership were integral pieces of the successful simultaneous launch of Social Ad Engine to five of our brands,” said Christian Russo, Senior Director of Product Management, Realogy. “The dedication and enjoyment in their work and platform is evident in everything they do. When we established our long-term partnership, we had no idea how impactful it would be in today’s environment, however with Tiger Pistol’s help, we are able to deliver a level of certainty in these uncertain times with the speed and flexibility needed to let our agents and brokers own the recovery.”

Tiger Pistol’s partnership helped Realogy pivot seamlessly in a time when the real estate industry has been forced to undergo dramatic operational changes.  By accelerating the development roadmap, Tiger Pistol and Realogy were able to provide new and meaningful tools to agents through Social Ad Engine. Among some of the major changes made was a way for agents to speak to their communities in a more personal way through promoting agent advertisements, not just listings. Video and Carousel ads have also recently launched to enhance campaign performance and to give agents new ways to promote their listings and themselves.

Tiger Pistol and Realogy’s Social Ad Engine faces off against Questus and Fannie Mae HomeStyle® Renovation, IDG Communications, Inc. and Splunk, Verizon Media and Procter & Gamble, and the Financial Times and CFA Institute for Best Brand Partnership – B2B. The competition is equally stiff in the Most Original Use of Social category, contending with Sputnik France for Paris Mayday, ESPN for Dear Kobe, Zyper, E! News, and Bleacher Report. Winners will be announced Thursday, June 25 at 2:30PM EST in a virtual ceremony.

COVID-19 Response Program for Healthcare

As clinic operations evolve under COVID-19, healthcare providers need a responsive local strategy – with the ability to provide accurate information to patients.

In our playbook, we outline Tiger Pistol’s COVID-19 Support Programs for the Healthcare Industry.  You’ll learn how templatized local campaigns give you the ability to shift creative and messaging based on in-person appointments, virtual appointments, and vital healthcare updates, with easy tools to turn campaigns on or off based on changing local orders and pandemic scenarios. Get the playbook now. 

Tiger Pistol Honored with AdExchanger Award for Best Social Media Campaign

Anheuser-Busch InBev’s Localized Campaign Supporting its Worldwide Network of Local Bars, Retailers, and Restaurants Earns Top Prize

Tiger Pistol, the only social advertising platform that delivers local activation at global scale, has been named the winner of “Best Social Media Campaign” in the prestigious AdExchanger Awards, based on the remarkable results from the campaign that localized Anheuser-Busch InBev’s (AB InBev) national advertising, making the brand the toast of towns around the world. 

Through the Tiger Pistol platform, AB InBev shifted its budget to local social advertising, specifically Facebook and Instagram campaigns, aggregating touchpoints in communities around the world. This bottom-up approach generated larger and more meaningful results for its brand, drastically lowering advertising costs, increasing consumer engagement, and fostering loyalty among its worldwide network of bars, restaurants and retailers. 

“For nearly a decade, Tiger Pistol has been obsessively focused on building the world’s most effective and efficient social advertising platform for local activation at scale,” said Paul Elliott, Tiger Pistol CEO. “This recognition by the AdExchanger Awards is high praise, and further validates our company’s legacy of delivering ‘first-evers’ that drive client value. With our disruption-proof technology, we’re able to pivot seamlessly for AB InBev, bringing the speed, versatility, and flexibility necessary for our current world situation, that’s truly region by region and business by business.”

Tiger Pistol powers AB InBev’s Covid-19 local social strategy, giving the brand’s network of independent restaurants and bars, most of whom are suffering during this time, advertising power to help them drive business and reinforce the essential role restaurants and bars play in fostering memories and connections in the lives of consumers. 

Pre-pandemic, AB InBev offered its establishments brand-funded, direct-response local social campaigns to drive foot traffic. Tiger Pistol continues to give AB InBev the opportunity to provide their establishments brand-level creative and messaging, but has shifted to ads structured around community building, gift cards sales, home delivery, or no contact curbside pickup in impacted communities. 

“Our platform’s capability is based on the flexibility and versatility needed to run more personalized, localized social campaigns.” said Elliott. “In the thick of this pandemic and beyond, we’re going to see some establishments open, some closed, some with varying business operations, and some that could even be closed for a day or two for cleaning. These fluctuating situations are highlighting the added benefits of our technology, as we empower our clients, like AB InBev, to function at a local level, which now has a much higher degree of importance in recovery and revitalization efforts.”

AdExchanger, an award-winning integrated media company devoted to data-driven digital marketing, annually recognizes excellence, innovation, and the advertising and marketing world’s brightest achievements through the AdExchanger Awards. 

Learn more about Tiger Pistol and AB InBev’s award-winning social advertising. Register now for the free Digital Food & Beverage Virtual Event, where Daniel Ingram, Global Director of Trade Innovation at AB InBev, and Talia Wachtel, VP Client Management at Tiger Pistol, will present together at 1:50PM ET on June 23.

To learn more about how Tiger Pistol’s award-winning social advertising technology can help your brand adapt in today’s environment and beyond, visit www.tigerpistol.com