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Industry Updates from May 2024

Written by Kim

Product Announcements from Google Marketing Live 2024

Google Marketing Live 2024 highlighted several new AI-powered features for advertisers, including tools for mass creative asset production, and immersive shopping ads (video-powered search ads, virtual try-ons, and 360-degree views of products).

Google also announced new features such as profit-based bidding, loyalty promotions, and unifying first-party data with Data Manager. Click here to learn more about the other product announcements.

Why Is This Important?

As advertisers, it’s important to stay updated on new ad platform features to understand how to target and engage your audience effectively. Google’s latest updates, like AI-powered tools and enhanced creative options, offer fresh ways to optimize your campaigns. Adapting to these innovations and testing how these can work for you ensure that your ad strategies stay relevant and impactful.

Google Implements Ad Restrictions on Deep
Fake Sexual Content

Google has implemented new restrictions on the promotion of deep fake sexual content, particularly through Shopping ads. These rules, effective May 1 for Shopping ads and May 30 for all ad types, prohibit advertising services that generate, distribute, or store synthetic sexually explicit content or nudity. Advertisers violating this policy may face warnings and potential account suspensions.

Why Is This Important?

Advertisers should be aware of the changes to ensure compliance with ethical standards and to ultimately protect their brand reputation by avoiding associations with harmful and deceptive content.

Google Introduces Opt-In Video Enhancements for Ads

Google has introduced an opt-in feature for video enhancements in ads, allowing advertisers to utilize AI to automatically generate multiple video formats from their original assets. This tool aims to improve ad performance by resizing and reformatting videos for different screen sizes and orientations, especially for mobile devices. Advertisers can upload a standard horizontal video, which Google’s AI will then convert into various aspect ratios and shorter clips.

Why Is This Important?

This new feature can reduce the workload of advertisers as it enables the creation of mobile-optimized video ads without additional effort. By ensuring ads are correctly formatted for various devices, advertisers can enhance campaign performance and reach a broader audience effectively.

Google’s Performance Max Now Supports Ads
for Third-Party Marketplaces

Google has expanded its Performance Max campaigns to allow merchants to drive sales directly through online marketplaces like Amazon. ‘Performance Max for Marketplaces’ eliminates the need for a website or Merchant Center account, making it more accessible for small businesses. The expansion is currently in beta with selected partners.

Why Is This Important?

This is important for advertisers as it lowers costs and simplifies campaign management by removing the need for a Google Merchant Center feed or a website.

Conversion Annotations Will Show on Google
Shopping Ads

Google has introduced conversion annotations to Shopping ads, allowing merchants to highlight a product’s popularity directly in the ad unit. These annotations, such as “best selling” or “1K shopped here recently,” provide visual cues about sales performance. This feature relies on merchants sharing aggregated conversion data through Google Merchant Center

Why Is This Important?

For advertisers, conversion annotations can enhance visibility and trust by showcasing popular products, ultimately driving more sales. This feature leverages social proof to make ads stand out and improve the shopping experience.

Google Ads Enforces Business Emails for Enhanced Security

Google Ads will require account administrators to transition users from personal to business email addresses to enhance security. This measure aims to reduce the risk of account abuse and ensure a more secure advertising environment. Developers working with Google Ads APIs and scripts may need to update their systems to accommodate this change.

Why Is This Important?

This update strengthens account security, protecting sensitive information and reducing the likelihood of unauthorized access, thereby ensuring a safer and more reliable advertising platform.

Meta’s AI Tools for Advertisers: Creating New
Images Beyond Backgrounds

Meta has launched new AI tools for advertisers, enabling the creation of entirely new images, not just backgrounds. These tools include background generation, image expansion, and text variations, which allow advertisers to produce more diverse and engaging ad content.

Why Is This Important?

Advertisers can save more time in the creative process by using these AI tools.

Meta Introduces Video Catalog Ads

Meta has introduced a new feature allowing video assets for their Catalog Product Ads. This enhancement enables
advertisers to integrate video assets into their product catalogs instead of only static images. With this option, advertisers will also be able to show the catalog video ads across Reels, Feed, and Stories.

Why Is This Important?

Adding video assets to catalog ads can potentially increase click-through rates, given that Meta reports video content now makes up 50% of the time users spend on Facebook and Instagram.

New Amazon Interactive and Shoppable Streaming TV Ad Formats

Amazon Ads has introduced three new streaming TV ad formats: shoppable carousel ads, interactive pause ads, and interactive brand trivia ads. These formats allow viewers to interact with ads using their remote, enhancing engagement and shopping convenience. Shoppable carousel ads let customers browse products during ad breaks, while interactive pause ads display brand messages when viewers pause the movie or show they are streaming. Brand trivia ads engage viewers with fun facts and shopping options.

Why Is This Important?

Advertisers can test these new ad types that leverage Amazon’s vast reach and data — which can potentially drive higher engagement, awareness, and conversions.

Netflix’s Ad-Supported Tier Reaches 40 Million
Subscribers

Netflix’s ad-supported tier has reached 40 million monthly users globally, a significant increase from 5 million just six months ago. This growth highlights the platform’s success in attracting new subscribers with its cheaper, ad-supported option. Netflix is also developing its own in-house advertising platform and expanding partnerships with companies like Google and The Trade Desk. The service now boasts 270 million total subscribers
across all tiers.

Why Is This Important?

Advertisers should pay attention to Netflix’s growing ad-supported tier as it represents a vast and rapidly expanding audience. With the development of an in-house advertising platform and partnerships with major ad tech companies, Netflix offers new and potentially effective ways to reach consumers.

Pinterest Launches Media Buyer Certification
Course

Pinterest has introduced a new Media Buyer Certification course available through Pinterest Academy. The course includes a 60-question exam covering topics such as campaign activation, optimization, and ads reporting. It is recommended for individuals with two to five years of media buying experience, particularly those familiar with Pinterest’s ad platform. The certification, which is free, allows marketers to showcase their skills with an official badge that can be added to social profiles.

Why Is This Important?

This certification can be a valuable way for advertisers to showcase their expertise in Pinterest advertising. It provides a formal acknowledgment of skills that may help in career advancement and in building high-quality ad campaigns on Pinterest.

TikTok Tests 60-Minute Videos

TikTok is testing the ability for users to upload videos up to 60 minutes long, expanding from the previous 30-minute limit. This change aims to give creators more flexibility to produce long-form content such as tutorials, educational videos, and comedy sketches. The feature is currently available to a limited number of users in select markets, with no immediate plans for a broader rollout.

Why Is This Important?

This change on TikTok could create more advertising
opportunities, such as placing ads before and during longer videos.

New AI Tools from TikTok Enhance Ad Creation
and Management

TikTok has launched new AI and automation tools to help
advertisers create more effective ads at scale. The tools include TikTok One, a centralized hub for ad management, and TikTok Symphony, which supports scriptwriting, video production, and creative optimization.

Why Is This Important?

These AI-powered tools enable advertisers to streamline their ad creation and management processes, allowing for more efficient and targeted campaigns. By automating repetitive tasks and optimizing creative assets, brands can focus on strategy and innovation.

X Will Launch AI Audiences

X will be launching a new AI Audience feature that allows
advertisers to define their target audience, and then the AI system generates a relevant user pool.

Why Is This Important?

This new feature simplifies and could potentially improve audience targeting. By utilizing AI, advertisers can efficiently
and precisely identify the most relevant users, potentially enhancing campaign effectiveness.

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