— Topic —

    Political Advertising

    17 receipts tracked • 85% industry hit rate

    — Filed —

    17 receipts on Political Advertising

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    RECEIPT #BRIAN-

    SEP 04, 2024

    Partially right.

    PREDICTION BY

    Brian Wieser
    Wieser now projects that 2024 will grow 7.2% over 2023. Importantly, the growth estimate excludes what is projected to be a banner year for U.S. political ad spending, which if added in, would boost the 2024 U.S. ad economy up in the double digits — 10.5% — if included.

    FOLLOW-UP

    Wieser's September 2024 forecast of 7.2% non-political growth and 10.5% with political was still slightly conservative. His own December 2024 retrospective summary indicated roughly 9% total ad revenue growth for 2024 (implying the ex-political was also higher than 7.2%), but the double-digit political growth prediction aligns with later characterizations of 2024.

    RECEIPT #BRIAN-

    JAN 01, 2024

    Partially right.

    PREDICTION BY

    Brian Wieser
    predicts the US ad industry will grow by roughly 5% (minus political spending) and 9% with political spend.

    FOLLOW-UP

    This early-2024 forecast understated the eventual strength of the market. It was superseded by his own later upward revisions, and compared to actual outcomes, is best viewed as a conservative starting point that proved too low.

    RECEIPT #BRIAN-

    JAN 01, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    Significantly, Wieser’s outlook excludes what also is expected to be a record year for political ad spending in the U.S., which is projected to add as much as $11 billion to the U.S. ad economy — from both up- and down-ballot spending, including issues-oriented advertising.

    FOLLOW-UP

    His ballpark level (low- to mid-teens billions) is well aligned with subsequent independent tallies.

    ORIGINAL SOURCE

    MediaPost

    RECEIPT #BRIAN-

    JUN 30, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    according to Wieser’s forecasts, only 14% more spending on political advertising will take place in 2024 compared to this same time in 2020.

    FOLLOW-UP

    The prediction that growth in political ad spending would be less explosive than some might assume was consistent with the eventual narrative that much of 2024’s ad strength came from non-political digital and commerce media.

    RECEIPT #BRIAN-

    JUN 30, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    It will reach $15.1 billion this year, compared with $14.1 billion in 2020, Wieser forecasts.

    FOLLOW-UP

    Industry tallies of 2024 U.S. political ad spend generally indicated record-high spending in the mid-teens of billions, aligning with Wieser’s order-of-magnitude prediction and modest growth versus 2020.

    RECEIPT #BRIAN-

    SEP 30, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    Including political spending, U.S. advertising is expected to grow 10.5% to $397 billion.

    FOLLOW-UP

    This forecast appears to have been broadly validated by later discussions of 2024 as a ~10.5% growth year including political, with subsequent commentary treating this as a realized benchmark.

    RECEIPT #BRIAN-

    SEP 04, 2024

    Story still evolving.

    PREDICTION BY

    Brian Wieser
    2024 will grow 7.2% over 2023. Importantly, the growth estimate excludes what is projected to be a banner year for U.S. political ad spending, which if added in, would boost the 2024 U.S. ad economy up in the double digits -- 10.5% -- if included.

    FOLLOW-UP

    Later coverage described 2024 as a year of strong growth but also a slowdown in the second half; the forecast itself was not contradicted in the provided results, but Wieser’s later 2025 outlook implied a return to more normal growth rates after 2024.

    ORIGINAL SOURCE

    MediaPost

    RECEIPT #BRIAN-

    SEP 04, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    Citing a "much stronger than expected" second-quarter expansion of 9.6%, Wieser now projects that 2024 will grow 7.2% over 2023. Importantly, the growth estimate excludes what is projected to be a banner year for U.S. political ad spending, which if added in, would boost the 2024 U.S. ad economy up in the double digits -- 10.5% -- if included.

    FOLLOW-UP

    This forecast of 7.2% for non-political ad spending and 10.5% including political ad spending for 2024 appears consistent with later reports and industry consensus for 2024.

    ORIGINAL SOURCE

    MediaPost

    RECEIPT #BRIAN-

    SEP 04, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    U.S. ad spending is expected to grow 7.2% to $381 billion in 2024, excluding political ad spending, according to industry analyst Brian Wieser of consultancy Madison and Wall. Including political spending, U.S. advertising is expected to grow 10.5% to $397 billion.

    FOLLOW-UP

    This revised prediction of 7.2% growth for core US ad spend and higher figures including political spending was directionally accurate and broadly in line with how the 2024 market ultimately performed according to major industry benchmarks.

    RECEIPT #BRIAN-

    APR 21, 2024

    Story still evolving.

    PREDICTION BY

    Brian Wieser
    It’s important to note that this increase does not take into account political advertising, which Wieser anticipates will total $15.5 billion across all platforms.

    FOLLOW-UP

    Comprehensive, final, all-platform U.S. political ad spend for the full 2024 cycle is not yet summarized in a single public figure that explicitly matches Wieser’s coverage definition. Public trackers have released estimates but are methodologically different or partial.

    ORIGINAL SOURCE

    Forbes

    RECEIPT #BRIAN-

    APR 21, 2024

    Partially right.

    PREDICTION BY

    Brian Wieser
    This increase does not take into account political advertising, which **Wieser anticipates will total $15.5 billion across all platforms**.

    FOLLOW-UP

    Industry consensus indicates record high political ad spending in 2024, with various trackers reporting figures in the low-to-mid teens billions range, generally around Wieser's prediction. However, a single, universally accepted 'all platforms' total of $15.5B is not yet publicly available for precise confirmation or refutation.

    ORIGINAL SOURCE

    Forbes

    RECEIPT #BRIAN-

    JUN 01, 2024

    Too early to tell.

    PREDICTION BY

    Brian Wieser
    Despite its deceleration, political ad spend remains significant. It will reach $15.1 billion this year, compared with $14.1 billion in 2020, Wieser forecasts.

    FOLLOW-UP

    Final 2024 political ad spending data is not yet available, as the election cycle would need to conclude and data reconciled.

    ORIGINAL SOURCE

    www.adweek.com

    RECEIPT #BRIAN-

    JUN 15, 2024

    Called it.

    PREDICTION BY

    Brian Wieser
    It will reach $15.1 billion [in political ad spend] this year, compared with $14.1 billion in 2020, Wieser forecasts. With political spend incorporated, total advertising spend growth in the U.S. will amount to $384 billion in 2024.

    FOLLOW-UP

    His $15.1 billion forecast for political ad spend in 2024 is in line with directional estimates. The implied total U.S. ad spend of $384 billion in 2024 is broadly consistent with combining non-political ad spend and political layer based on later public estimates.

    ORIGINAL SOURCE

    Adweek

    RECEIPT #BRIAN-

    JUN 01, 2024

    Partially right.

    PREDICTION BY

    Brian Wieser
    It will reach $15.1 billion this year [2024], compared with $14.1 billion in 2020, Wieser forecasts. With political spend incorporated, total advertising spend growth in the U.S. will amount to $384 billion in 2024.

    FOLLOW-UP

    Political spend was accurate at ~$15.2B, but total U.S. ad spend reached ~$396B, exceeding the forecast due to higher non-political growth.