Chennai: Moloco and YouGov shared the Consumer Perceptions of Ads on Streamers Survey 2024 results today. Over 1,000 Indian and US consumers were surveyed about advertising on streaming platforms, revealing a shift from traditional TV to streaming in consumer habits.
Dave Simon, General Manager, Growth Initiatives, Moloco said, “It’s important to get the ads experience right because consumers will cancel a subscription based on the ads experience. This research is a wake-up call for many streaming media platforms to transform their approach to building an ad business. Consumers have a strong appetite for relevant, personalized ads that enhance the viewing experience. These ads are influencing their behavior and decision-making process. These combined trends signal the need for a more personalized approach to advertising on streamers, driven by leveraging advanced machine learning at scale.”
Siddharth Jhawar, General Manager, Moloco India said, “Indian consumers do not mind watching that extra ad which can lower or entirely remove subscription fee to watch content – this insight got validated when this survey showed that two-thirds of Indian consumers chose lower fees in exchange for watching ads. What’s even more interesting is that approx. 80% of customers prefer personalized ads, which significantly influence their decision-making process.”
The study revealed that:
- Consumer behavior is changing as more people move away from traditional TV to use streaming media platforms, particularly on mobile devices.
- 60% of Indian consumers report that a mobile phone is the device most commonly used for personal streaming, compared with 26% for Smart TV, 11% for laptops/PCs, and 3% for tablets.
- 34% of Indian consumers report that they are cutting the cord with traditional TV services; an additional 27% are considering it but have yet to do so.
- 66% of Indian consumers would choose lower fees in exchange for watching ads.
- Consumers report clear preferences for ad formats that enhance the viewing experience.
- 44% of Indian consumers believe that ads that are interesting and relevant enhance the viewing experience.
- Pre- and post-roll ads are ranked most acceptable compared with mid-roll and banner or display ads.
- Banner or display ads and mid-roll ads are perceived as the most intrusive or disruptive.
- Consumers care about the ads experience. They report that personalized ads are more compelling and more likely to result in a favorable response, such as a purchase.
- 41% of Indian consumers have canceled a subscription specifically because of the ads experience.
- The majority of consumers in India prefer personalized ads, with 78% indicating a preference. Of the 78% total, 48% prefer personalized ads based on viewing habits alone and 30% prefer personalized ads based on viewing habits and personal data.
- Ads on streaming platforms are influential in the decision-making process for product or service purchases with 83% reporting some level of influence.
Vanessa Khoo, Senior Research Manager, YouGov said, “The ads experience is clearly important, especially with consumers not just adjusting to ads on streaming media platforms but embracing ads. In addition, this research showed that consumers find ads compelling and influential in their overall decision-making process for product purchases. This study also showed that personalized ads can actually enhance the overall viewing experience.”
Methodology:
A YouGov survey in India targeted consumers watching video content at least monthly, including streaming. It gathered responses from 1,005 participants in an online survey lasting 10 minutes from January 19 to February 5, 2024.
