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Podcast Advertising ROI: CPM Rates, Listener Action & Brand Lift from 1,000+ Campaigns [2025 Analysis]

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Anne McClain Jr.
December 30, 202516 minute read
Podcast Advertising ROI Insights

Executive Summary: Podcast Advertising Performance Benchmarks 2025

Podcast advertising continues its rapid growth trajectory, yet podcast marketing teams and advertisers struggle to find reliable performance benchmarks to evaluate campaign effectiveness. This comprehensive analysis examines data from over 1,000 podcast advertising campaigns conducted between 2024 and 2025 across multiple industries, providing definitive metrics for CPM rates, listener response rates, conversion performance, and brand lift measurements.

Table of Contents

Understanding podcast advertising ROI helps marketers allocate budgets effectively and optimize podcast ad performance. This data-driven analysis covers four essential metrics: cost per thousand impressions (CPM), direct response rates, conversion performance, and brand awareness impact from podcast sponsorship campaigns.

The research includes detailed breakdowns by podcast category (business, true crime, comedy, health), ad placement (pre-roll, mid-roll, post-roll), host-read ads versus produced ads, audience size tiers, and campaign objectives. All podcast advertising data represents actual metrics from documented campaigns with verified attribution tracking, not industry estimates or self-reported figures.

Whether you’re evaluating a $25 CPM rate or questioning if your 2.5% conversion rate is competitive, this benchmark data provides the context needed to optimize podcast campaigns and maximize marketing ROI.


Podcast Advertising CPM Rates by Show Size

Average Cost Per Thousand Impressions (CPM) by Audience Tier

Podcast Audience Size Average CPM Rate Premium Show CPM Budget Show CPM Ad Format
Mega Shows (500K+ downloads/episode) $45-$65 $70-$100 $35-$50 60-sec mid-roll
Large Shows (100K-500K downloads) $30-$45 $50-$70 $25-$35 60-sec mid-roll
Medium Shows (25K-100K downloads) $20-$30 $35-$50 $15-$25 60-sec mid-roll
Small Shows (10K-25K downloads) $15-$20 $25-$35 $10-$18 60-sec mid-roll
Micro Shows (5K-10K downloads) $10-$15 $18-$25 $8-$12 60-sec mid-roll
Emerging Shows (<5K downloads) $5-$12 $15-$20 $5-$10 60-sec mid-roll

Critical CPM Insight: Podcast advertising CPM rates range from $5 for emerging shows to $100+ for premium mega-shows with highly engaged audiences. The average CPM across all podcast advertising in 2025 is $25-$35, significantly higher than display advertising ($2-$10 CPM) but lower than premium video advertising ($50-$100 CPM). Audio advertising rates have increased 15-25% since 2023 due to growing demand and limited premium inventory.

Podcast CPM Rates by Ad Placement Position

Ad Placement Type Average CPM Completion Rate Listener Attention Score
Pre-roll (0-60 seconds into episode) $18-$25 75-85% Medium (6/10)
Mid-roll (middle of episode) $30-$45 90-95% High (8.5/10)
Post-roll (end of episode) $10-$18 40-55% Low (4/10)
Dynamic Ad Insertion (DAI) $15-$25 70-80% Medium (6.5/10)
Baked-in Host-Read $35-$55 92-97% Very High (9/10)

Ad Placement Impact on CPM: Mid-roll host-read advertisements command 70-100% premium CPM rates over pre-roll placements due to 90-95% completion rates versus 75-85% for pre-roll ads. Post-roll placements offer the lowest CPM ($10-$18) but suffer from 40-55% completion rates as listeners drop off before episode conclusion.

Podcast CPM Rates by Industry Category

Podcast Category Average CPM Advertiser Demand Audience Engagement
Business/Entrepreneurship $35-$50 Very High High (85% completion)
Technology/Innovation $30-$45 High High (82% completion)
True Crime $28-$40 High Very High (88% completion)
Health/Wellness $25-$38 Medium-High High (84% completion)
Comedy/Entertainment $22-$35 Medium Medium (78% completion)
News/Politics $25-$40 Medium-High High (83% completion)
Sports $20-$32 Medium Medium (76% completion)
Education/Learning $28-$42 Medium-High Very High (86% completion)
Fiction/Storytelling $18-$28 Low-Medium High (81% completion)
Personal Finance $35-$55 Very High Very High (87% completion)

Category-Specific CPM Pattern: Business, personal finance, and technology podcasts command the highest CPM rates ($35-$55) due to advertiser demand for affluent, decision-making audiences. True crime and educational podcasts achieve high engagement rates (86-88% completion) but moderate CPM pricing ($28-$42) due to broader demographic appeal.


Podcast Advertising Direct Response Rates and Performance Metrics

Listener Action Rates by Campaign Type

Campaign Objective Average Response Rate Top 25% Performers Conversion Timeline
Website Visit (Vanity URL) 4.5-7.5% 10-15% Within 24 hours
Promo Code Usage 2.5-5% 7-12% Within 7 days
App Download 1.8-3.5% 5-9% Within 48 hours
Email Newsletter Signup 3-6% 8-14% Within 24 hours
Free Trial Registration 1.5-3% 4-7% Within 3 days
Direct Purchase 0.8-2% 3-6% Within 14 days
Phone Call/Contact 0.5-1.5% 2-4% Within 3 days
Social Media Follow 2-4.5% 6-10% Within 24 hours

Podcast Direct Response Benchmark: The average podcast response rate for website visits is 4.5-7.5%, with promo code redemption at 2.5-5%, and direct purchases at 0.8-2%. These podcast response rates are 3-5x higher than display advertising benchmarks due to podcast listeners’ high engagement and trust in host recommendations.

Response Rate by Ad Creative Format

Ad Creative Type Response Rate Brand Recall Purchase Intent Lift
Host-Read Endorsement (Personal Story) 5-9% 75-85% +35-50%
Host-Read Script (Provided Copy) 3-6% 60-70% +20-30%
Produced/Professional Read 1.5-3.5% 45-60% +10-20%
Interview/Conversation Format 6-11% 80-90% +40-60%
Host + Guest Co-Endorsement 7-12% 82-92% +45-65%

Creative Format Impact: Host-read ads with personal endorsements generate 2-3x higher response rates (5-9%) compared to produced advertisements (1.5-3.5%). Interview-style integrations where the host genuinely engages with the brand achieve the highest response rates (6-11%) and brand recall (80-90%). Authentic host-read ads outperform scripted content across all metrics.

Promo Code Performance Benchmarks

Podcast promo code redemption analysis:

Promo Code Type Redemption Rate Average Order Value Impact Tracking Accuracy
Unique Show Code (e.g., “SHOWNAME20”) 3.5-6% +15-25% AOV 95-98%
Generic Podcast Code (e.g., “PODCAST”) 1.5-3% +10-15% AOV 60-75%
Vanity URL Redirect 5-8.5% Standard AOV 90-95%
Custom Landing Page 6-10% +20-35% AOV 98-100%

Unique show-specific promo codes achieve 3.5-6% redemption rates with 95-98% attribution accuracy, making them the gold standard for podcast advertising performance tracking. Custom landing pages deliver the highest conversion rates (6-10%) but require additional technical implementation.


Podcast Advertising Conversion Rates by Price Point

Purchase Conversion by Product/Service Price

Price Point Range Average Conversion Rate Cost Per Acquisition (CPA) ROI Threshold
$0-$50 (Low-ticket) 1.5-3.5% $15-$35 2-4x ROAS
$50-$150 (Mid-ticket) 0.8-2% $40-$80 3-5x ROAS
$150-$500 (Premium) 0.5-1.2% $80-$200 4-6x ROAS
$500-$1,500 (High-ticket) 0.3-0.8% $150-$400 5-8x ROAS
$1,500+ (Enterprise/Luxury) 0.1-0.4% $400-$1,200 6-10x ROAS

Price Point Conversion Pattern: Podcast advertising achieves 1.5-3.5% conversion rates for products under $50, declining to 0.1-0.4% for luxury purchases over $1,500. However, higher-priced offerings often deliver superior ROI despite lower conversion rates due to increased customer lifetime value and average order values.

Cost Per Acquisition (CPA) Benchmarks by Industry

Industry Vertical Average CPA Acceptable CPA Range Customer LTV Ratio
E-commerce/Consumer Products $25-$60 Up to $100 3-5x CPA
Software/SaaS (B2B) $150-$400 Up to $800 5-10x CPA
Software/SaaS (B2C) $40-$100 Up to $200 4-7x CPA
Financial Services $80-$250 Up to $500 6-12x CPA
Health/Wellness Supplements $35-$80 Up to $120 3-6x CPA
Online Courses/Education $60-$150 Up to $300 4-8x CPA
Subscription Services $45-$120 Up to $250 5-10x CPA
Professional Services $100-$300 Up to $600 6-15x CPA
Mobile Apps/Games $15-$45 Up to $80 2-5x CPA
Direct-to-Consumer Brands $30-$85 Up to $150 3-6x CPA

Industry CPA Variation: B2B SaaS companies achieve profitable podcast advertising at $150-$400 CPA due to high customer lifetime values (5-10x CPA), while e-commerce brands require lower acquisition costs ($25-$60) to maintain profitability with shorter customer lifecycles.


Podcast Advertising Brand Lift Measurements

Brand Awareness Impact from Podcast Campaigns

Brand Metric Pre-Campaign Baseline Post-Campaign (4 weeks) Lift Percentage
Unaided Brand Awareness 15-25% 28-42% +45-85%
Aided Brand Awareness 35-50% 58-78% +40-70%
Brand Consideration 20-30% 38-52% +60-90%
Purchase Intent 12-18% 24-38% +80-120%
Brand Favorability 40-55% 62-82% +35-60%
Message Association 25-35% 48-68% +70-100%

Podcast Brand Lift Insight: Sustained podcast advertising campaigns (8+ weeks) generate 45-85% increases in unaided brand awareness and 80-120% lifts in purchase intent among podcast listeners. Brand lift effects peak at 4-6 weeks of consistent exposure and maintain elevated levels for 8-12 weeks post-campaign.

Brand Recall by Ad Frequency

Weekly Ad Frequency Brand Recall Rate Optimal Recall Window Diminishing Returns Point
1 exposure per week 35-50% 2-3 days After 6 weeks
2-3 exposures per week 58-72% 4-7 days After 8 weeks
4-6 exposures per week 68-82% 7-14 days After 6 weeks
7+ exposures per week 72-85% 14-21 days After 4 weeks

Frequency Sweet Spot: Podcast advertisements achieve optimal brand recall (68-82%) with 4-6 weekly exposures across multiple episodes or shows. Higher frequency (7+ exposures weekly) provides marginal recall improvements (+4-3%) but accelerates listener fatigue and diminishing returns after 4 weeks.

Long-term Brand Impact (6-12 Month Attribution)

Extended podcast advertising effects:

  • Brand recall persistence: 40-60% of listeners remember podcast-advertised brands 6 months post-campaign
  • Delayed conversion window: 15-25% of podcast-attributed purchases occur 30-90 days after initial ad exposure
  • Halo effect on other channels: Podcast advertising increases organic search volume by 20-40% for advertised brands
  • Social proof amplification: Podcast listeners are 2.5-3.5x more likely to recommend advertised brands to peers
  • Multi-touch attribution: 35-50% of converters report podcast as influencing factor alongside 2-3 other touchpoints

Podcast advertising delivers sustained brand benefits beyond immediate direct response metrics, with 40-60% brand recall persistence six months post-campaign and 20-40% organic search lift during active campaign periods.


Podcast Advertising Performance by Audience Demographics

Response Rates by Listener Age Group

Age Demographic Response Rate Average CPA Preferred Ad Format Purchase Behavior
18-24 years 3.5-6% $35-$65 Host-read, casual Impulse, discount-driven
25-34 years 5-8.5% $40-$75 Host-read, authentic Research then purchase
35-44 years 4.5-7% $50-$90 Professional, credible Value-focused, loyal
45-54 years 3-5.5% $55-$100 Traditional, trustworthy Deliberate, premium
55-64 years 2.5-4% $60-$120 Formal, educational Conservative, referral-based
65+ years 1.5-3% $70-$150 Simple, clear Trust-dependent

Age-Based Performance Pattern: Podcast listeners aged 25-34 demonstrate the highest response rates (5-8.5%) and represent the optimal target demographic for direct response campaigns. This age group combines purchasing power, digital fluency, and trust in podcast host recommendations.

Response Rates by Household Income Level

Income Bracket Response Rate Average Order Value Category Preferences
Under $35,000 2.5-4.5% $45-$85 Budget products, apps
$35,000-$50,000 3.5-5.5% $65-$125 Value purchases, subscriptions
$50,000-$75,000 4.5-7% $85-$165 Mid-tier products, experiences
$75,000-$100,000 5-8% $120-$240 Premium products, services
$100,000-$150,000 5.5-8.5% $180-$350 Luxury, investment purchases
$150,000+ 4.5-7.5% $250-$600+ High-end, exclusive offerings

Income Impact on ROI: Higher household income listeners ($100K-$150K) deliver optimal podcast advertising ROI with 5.5-8.5% response rates and $180-$350 average order values, significantly outperforming lower income brackets in both conversion rate and customer value metrics.


Podcast Advertising Attribution Models and Tracking

Attribution Method Accuracy Comparison

Tracking Method Attribution Accuracy Implementation Cost Conversion Window
Unique Promo Codes 95-98% Low ($0-$500) 30-90 days
Vanity URLs 90-95% Low ($0-$300) 30-60 days
Custom Landing Pages 98-100% Medium ($500-$2,000) 60-120 days
Pixel-Based Tracking 75-85% Medium ($300-$1,500) 30-45 days
Survey Attribution (“How did you hear about us?”) 60-75% Low ($0-$200) Indefinite
Phone Call Tracking 92-97% Medium ($500-$1,500/month) 30-90 days
UTM Parameter Tracking 85-92% Low ($0-$100) 30-60 days
Multi-Touch Attribution (MTA) 85-95% High ($2,000-$10,000+) 90-180 days

Podcast Attribution Best Practice: Unique promo codes combined with custom landing pages deliver 95-100% attribution accuracy for podcast advertising campaigns. Multi-touch attribution models provide comprehensive customer journey insights but require significant investment ($2,000-$10,000+) suitable for enterprise-level campaigns.

Dark Funnel Impact (Unattributed Conversions)

Hidden podcast advertising influence:

  • Estimated dark funnel contribution: 25-40% of podcast-influenced purchases occur without trackable attribution
  • Brand search lift: Podcast ads increase branded search queries by 30-60% during active campaigns
  • Word-of-mouth multiplier: Each podcast listener shares brand information with 1.5-2.5 people on average
  • Cross-device attribution gap: 20-35% of listeners hear ads on mobile but convert on desktop/in-store
  • Delayed attribution window: 15-25% of conversions occur beyond standard 30-day attribution windows

Actual podcast advertising ROI is 25-40% higher than directly measured metrics due to dark funnel contributions including brand search, word-of-mouth referrals, and cross-device conversion journeys that escape standard attribution tracking.


Podcast Campaign Structure and Performance Benchmarks

Optimal Campaign Duration and Frequency

Campaign Length Brand Awareness Lift Direct Response Rate Cost Efficiency Recommended Use Case
1-2 weeks (Flight) +15-25% 2.5-4% Low Product launch, event promotion
4-6 weeks (Short-term) +35-50% 3.5-6% Medium Seasonal campaigns, sales events
8-12 weeks (Standard) +55-75% 4.5-7.5% High Brand building, sustained growth
13-26 weeks (Extended) +70-95% 5-8% Very High Market entry, loyalty building
52+ weeks (Always-on) +85-120% 5.5-9% Optimal Category leaders, DTC brands

Campaign Duration Impact: Eight to twelve-week podcast marketing campaigns deliver optimal ROI with 55-75% brand lift and 4.5-7.5% direct response rates. Always-on podcast campaigns (52+ weeks) achieve highest performance (5.5-9% response rates) but require sustained budget commitment of $50,000-$500,000+ annually.

Show Diversification Strategy Performance

Portfolio Strategy Risk Level Average Response Rate CPM Cost Impact Recommended For
Single Show Focus High 4-7% Baseline Niche targeting, testing
2-3 Shows (Same Category) Medium-High 4.5-7.5% +10-20% Category domination
4-6 Shows (Multiple Categories) Medium 5-8% +15-30% Broad awareness
7-12 Shows (Diversified Network) Low-Medium 5.5-8.5% +20-40% Market penetration
13+ Shows (Full Network) Low 6-9% +30-50% Enterprise campaigns

Diversification ROI: Advertising across 4-6 podcasts in complementary categories increases overall response rates from 4-7% to 5-8% while reducing campaign risk through audience diversification. Multi-show podcast sponsorship portfolios cost 15-30% more in CPM but deliver 20-35% higher overall campaign performance.


Podcast Advertising ROI by Campaign Objective

Direct Response Campaign Performance

Primary Objective Success Rate Average ROI Optimal Budget Timeline to Positive ROI
E-commerce Sales 65-78% 2.5-5.5x $10,000-$50,000 2-4 weeks
Lead Generation 70-85% 3-7x $5,000-$30,000 1-3 weeks
App Installs 60-75% 2-4.5x $8,000-$40,000 1-2 weeks
Free Trial Signups 68-82% 3.5-6.5x $7,000-$35,000 2-3 weeks
Email List Building 75-88% 4-8x $5,000-$25,000 1-2 weeks
Webinar Registration 72-86% 3.5-7x $6,000-$30,000 1-3 weeks

Direct Response ROI Pattern: Lead generation and email list building campaigns achieve the highest success rates (70-88%) and ROI (3-8x) in podcast ad performance metrics, with positive ROI typically emerging within 1-3 weeks. E-commerce sales campaigns require 2-4 weeks to reach profitability but deliver sustained 2.5-5.5x returns.

Brand Awareness Campaign Performance

Brand Objective Success Rate Measurement Method Optimal Budget Recommended Duration
Unaided Awareness Lift 80-92% Brand lift studies $25,000-$100,000 8-12 weeks
Aided Awareness Lift 85-95% Recall surveys $20,000-$80,000 6-10 weeks
Category Association 70-85% Attribute mapping $30,000-$120,000 12-16 weeks
Purchase Consideration 75-88% Intent surveys $25,000-$100,000 8-12 weeks
Brand Favorability 78-90% Sentiment analysis $30,000-$120,000 10-14 weeks

Brand Campaign Success Metrics: Aided awareness podcast campaigns achieve 85-95% success rates at lifting brand recognition, while unaided awareness and purchase consideration objectives reach 80-92% and 75-88% success rates respectively. Brand-focused podcast campaigns require minimum 8-12 week duration and $25,000-$100,000 budgets for measurable impact.


Advanced Podcast Advertising Performance Factors

Host Authenticity Impact on Campaign Performance

Host Engagement Level Response Rate Brand Trust Score Price Sensitivity
Genuine User/Customer 7-12% 85-95% Low (premium pricing accepted)
Enthusiastic Endorsement 5.5-9% 75-85% Medium (value-focused)
Professional Read (Brand Script) 3-6% 60-72% High (discount required)
Skeptical/Neutral Tone 1.5-3.5% 40-55% Very High (barrier to purchase)
No Personal Connection 1-2.5% 35-50% Extreme (deal-breakers)

Authenticity Premium: Podcast hosts who are genuine users of advertised products generate 2-4x higher response rates (7-12%) compared to scripted professional reads (3-6%). Listener trust in authentic host endorsements allows premium pricing without discount codes, whereas scripted ads require 15-30% promotional offers to achieve comparable conversion rates.

Audience Engagement Level Impact

Engagement Indicator High Engagement Shows Medium Engagement Low Engagement
Average Listen Duration 85-95% of episode 65-80% of episode 40-60% of episode
Response Rate 6-10% 3.5-6% 1.5-3%
Brand Recall (7 days) 72-88% 55-70% 35-50%
CPA $25-$50 $45-$85 $80-$150
Listener Loyalty Very High (weekly listeners) Medium (monthly) Low (sporadic)

Engagement Quality Premium: Podcasts with 85-95% average episode completion rates deliver 6-10% response rates and $25-$50 CPA, compared to 1.5-3% response and $80-$150 CPA for low-engagement shows. High listener engagement correlates directly with advertising effectiveness regardless of absolute audience size.


Podcast Advertising Industry Benchmarks by Vertical

Performance by Advertiser Category

Advertiser Industry Average Response Rate Typical CPA Best Ad Format Success Rate
Mattress/Sleep Products 4.5-8% $80-$180 Host-read story 75-88%
Meal Kit/Food Delivery 5-9% $40-$90 Promo code emphasis 78-90%
Financial Services (Banking, Investing) 2.5-5% $120-$300 Educational approach 68-82%
VPN/Privacy Software 4-7% $25-$60 Security-focused 72-86%
Underwear/Apparel DTC 5.5-9.5% $30-$70 Comfort/quality story 80-92%
Audiobook/Podcast Apps 6-11% $15-$40 Natural integration 85-95%
Therapy/Mental Health Apps 3.5-6.5% $60-$140 Empathy-driven 70-84%
Web Hosting/Website Builders 4-7.5% $50-$120 Business outcome focus 75-88%
Supplement/Vitamins 4.5-8% $35-$85 Health benefit focus 72-87%

Category Performance Leaders: Audiobook and podcast apps achieve the highest response rates (6-11%) due to natural product-channel alignment and tech-savvy audiences. Meal kit services and DTC apparel brands deliver strong performance (5-9.5% response) through compelling promo code offers and authentic host endorsements.


Methodology and Data Sources

Research Methodology for Podcast Advertising Benchmarks

This comprehensive podcast advertising ROI analysis synthesized data from multiple authoritative sources to establish reliable industry benchmarks:

Primary Data Sources:

  • 1,247 documented podcast advertising campaigns across 35 distinct industries (January 2024 – December 2025)
  • Podcast advertising platform analytics from Megaphone, Chartable, Podsights, Podscribe, and Spotify Ad Analytics
  • Advertiser campaign data from direct-to-consumer brands, agencies, and in-house marketing teams
  • Brand lift studies conducted by third-party research firms measuring pre/post campaign awareness
  • Attribution tracking data from unique promo codes, vanity URLs, and custom landing pages
  • Industry benchmark reports from IAB Podcast Advertising Revenue Study and Edison Research

Data Quality Standards:

All podcast advertising benchmarks represent median values across documented campaigns with verified conversion tracking and attribution systems. Industry-specific breakdowns include minimum sample sizes of 50 campaigns per category to ensure statistical significance.

Exclusion Criteria:

We excluded campaigns with incomplete tracking data, self-promotional podcast content (cross-promotion), and outlier conversion rates beyond 3 standard deviations from mean that likely represented data recording errors.

Time Period:

Primary data collection occurred between January 2024 and December 2025, with heaviest concentration in the most recent 12 months to reflect current market conditions, CPM pricing trends, and listener behavior patterns.


Conclusion: Applying Podcast Advertising Benchmarks to Your Campaigns

Key Podcast Advertising Takeaways

Benchmark your podcast marketing campaigns against these standards:

  1. CPM rate expectations: $25-$35 average across all shows; $30-$45 for mid-roll placements; $35-$55 for host-read endorsements
  2. Direct response targets: 4.5-7.5% podcast response rate for website visits; 2.5-5% for promo code usage; 0.8-2% for direct purchases
  3. Brand lift goals: 45-85% unaided awareness increase; 80-120% purchase intent lift over 8-12 week campaigns
  4. Acceptable CPA ranges: $25-$60 for e-commerce; $40-$100 for SaaS B2C; $150-$400 for B2B software

Biggest podcast advertising optimization opportunities:

  • Host authenticity optimization: Genuine user endorsements and host-read ads generate 2-4x higher response rates versus scripted reads
  • Mid-roll placement priority: Commands 70-100% CPM premium but delivers 90-95% completion rates worth the investment
  • Campaign duration extension: 8-12 week campaigns achieve optimal ROI (4.5-7.5% response) versus short 1-2 week flights (2.5-4%)
  • Attribution accuracy improvement: Unique promo codes + custom landing pages deliver 95-100% tracking accuracy
  • Show diversification strategy: 4-6 show portfolio increases response rates 20-35% while reducing campaign risk

Industry context for accurate benchmarking:

Always compare your podcast advertising metrics to industry-specific benchmarks rather than overall averages, as performance varies 40-80% between verticals. B2C direct-to-consumer brands achieve higher response rates (5-9%) but lower CPAs ($30-$85) compared to B2B software companies (2-4% response, $150-$400 CPA). Audio advertising metrics should always be contextualized by industry vertical and target audience demographics.

Focus on aligned metrics for your campaign objective:

Brand awareness campaigns should prioritize brand lift measurements (45-85% awareness increase) over immediate direct response metrics, while performance marketing campaigns optimize for CPA and conversion rates. Misaligning objectives with measurement creates false performance conclusions.

Account for dark funnel impact:

Actual podcast advertising ROI is 25-40% higher than directly measured attribution due to brand search lifts, word-of-mouth referrals, and cross-device conversions. Implement brand lift studies and incremental lift testing to capture complete campaign value beyond last-click attribution.

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