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2024 online holiday spending set for record year with $240 billion in sales

Martech

year-over-year growth. Adobe divided goods into four price tiers.) This is because of price discounts, not because shoppers are feeling wealthier. Here’s the full breakdown of when consumers spend by income level: Image: Klaviyo’s 2024 Consumer Spending Report. Pricing was the top factor in holiday spending.

Retail 115
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Measuring marketing’s impact: From metrics to growth

Martech

While revenue growth is prime currency, there’s a deeper truth. That’s the “secret” for sustainable growth, not a fleeting sales spike. While finance sees marketing’s greatest impact on revenue growth, sales values its ability to deliver leads. Accelerate revenue growth.

Growth 116
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Netflix leans into ad-supported tier as subscriber growth surges

Martech

The lower-priced tier now accounts for over 45% of new signups in markets where it’s available, signaling a potential shift in Netflix’s business model. Netflix reported strong Q2 2024 results, surpassing projections with significant growth in revenue, profits, and subscribers. Revenue: $9.56 billion (up 17% YoY) Net income: $2.15

Growth 105
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Digital ad prices rise across channels as performance holds steady

Search Engine Land

Digital advertising spend increased across retail media, paid search, and paid social in Q2 2024, despite rising ad prices, according to new data from Skai. Higher ad prices drove most of the spending growth, while ad volumes (clicks and impressions) slowed or decreased in some channels. Paid social spend rose 13% YoY.

Price 100
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Leading the Development of Profitable and Sustainable Products

Speaker: Jason Tanner

While growth of software-enabled solutions generates momentum, growth alone is not enough to ensure sustainability. We’ll explore how to shift from ambiguous descriptions of value to economic modeling of customer benefits to identify value exchange choices that enable a profitable pricing model.

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The Top SaaStr Posts and Pods of the Week: OpenAI on Pricing, HubSpot’s Chairman on AI, How to Sell to Developers, and More!!

SaaStr

appeared first on SaaStr.

Price 116
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Second quarter saw slowing ad spend on most platforms

Martech

Amazon Sponsored Products, Facebook, Google search and Instagram all saw lower spending growth year-over-year in Q2 2024 than a quarter earlier. This deceleration is partly due to a tougher comparison with Q2 of the previous year, where spend growth surged from 0% in Q1 2023 to 9% in Q2 2023.