A 2022 state of audio study by Audacy (courtesy RAB) offers some insights about the rise of the cross-platform listener and the opportunity that trend presents for advertisers and sponsors looking to connect with audiences. Namely, the study supports the value of multi-channel campaigns, and the effectiveness of such campaigns in meeting a variety of advertising goals, from web visitation and sales, to brand lift.
Perhaps most importantly, the study points to the inclusion of radio as a key element in helping digital campaigns perform for their clients. Indeed, there is clear evidence that radio and digital are better together, and that audio strategies that include radio and digital/podcast elements are not only more common, but more effective at engaging audiences throughout their day, as they “flow in and out of audio on a variety of platforms.” Consider that:
- The demand for digital and radio is on the rise. Media buys that combine two or more radio and digital channels have grown 20% since 2019.
- The cost to convert a new customer is 38% lower when advertisers diversify their audio campaigns vs. single- channel audio buys.
(Both stats on page 14 of Audacy’s 2022 Spring State of Audio report.)