Update unlocks new data on social media platform for those looking to leverage it
MediaRadar is providing its clients with a greater understanding of Snapchat with the addition of new ad tracking capabilities, the company announced.
With the new update, MediaRadar is able to estimate Snapchat’s Ad Revenue — which it pins $267 million for the first half of 2018 — the number of publishers using lenses (4 percent from January 2018 – June 2018) and Discover channel videos. The company is also able to pin point which brands are investing the most in advertising on the platform. For example, from January-June, apparel and accessory companies, such as Ralph Lauren, Guess, and TOMS, were the fastest growing product category advertising on Snapchat, moving from seventh place to fourth place.
“We’re constantly working hard to provide our users with insightful data to empower them with the information they need to make informed business decisions,” said Todd Krizelman, CEO & co-founder of MediaRadar. “We are the only ad sales intelligence company to-date, which tracks Snapchat. This expansion of our Snapchat capabilities reflects our mission to provide our users with truly unique services, giving them a massive competitive edge.”
Already being used by companies such as Buzzfeed and Hearst, MediaRadar is a holistic platform that provides data-driven sales intelligence. Powered by a combination of AI and machine learning, the platform distills multi-channel campaign data into actionable competitive insights. Users are then able to leverage the statistics to identify prospects to drive stronger relationships with clients, and, according to MediaRadar, drive tangible business opportunities
MediaRadar currently serves 1600 clients and offers comprehensive advertising analysis for over 3.1 million brands.