the first-party data revolution
TRANSCRIPT
HOW PUBLISHERS ARE FINALLY TAKING CONTROL OF THEIR DATA
TO BENEFIT BRANDS AND GROW BUSINESSES
CHIP SCHENCK | VP/Programmatic & Audience Strategy | Meredith Corporation
The first-party data revolution:
Meredith Digital
2
Meredith reaches 82mm women at every life stage and across her passions
kraftrecipes.co
m
comidakraft.com
A Media Powerhouse
3
Meredith continues to invest in and acquire publishers & technology platforms to deliver scaled and quality audiences
REACHING
100MWOMEN
82MMONTHLY UVS
63%MILLENNIALS
2 3HISPANICS
OUT
OF 100MCONSUMERS
800DATA POINTS PER PERSON
DATABASE OF
MAGAZINE ACQUISITIONS & LAUNCHES
MXM EXPANSION
DIGITALTECHNOLOGY
DIGITAL
DATA
now future
Data Evolution
Marketing
Data
Aggregators
3rd Party Data
DMPs
Ad
Networks
1990s
Data
Exchanges
Data
Partnerships
PROGRAMMATIC
PREMIUM
DIGITAL DIRECT SOLD /
GUARANTEED / RESERVED
Offline
Targeting
> Direct Mail
> List Rental
Search
Content
Exchanges
Vertical
Exchanges
INDIRECT / PROGRAMMATIC /
UNRESERVED
Publishers just
starting to take
control of their
own data!
Power of Our 1st Party Data
5
Deep engagement across our portfolio
80MM+ Digital Consumers
100MM Consumer Database
INTEREST
INTENT
VISIT EMAIL REGISTER ENTER SUBSCRIBE
SHARE SEARCH WATCH LIST BUY
the combination of Interest & Intent Data> 25,000+ attributes
> 4,500 data points
Value of First-Party Data
6
PUBLISHER’S DATA
ADVERTISINGCONSUMER
MARKETINGCOMMERCE
CONTENT
(future)
INDEXING
(future)
Meredith data has powered >$1B in consumer media/product revenue since 2005
Proprietary Data Shapes Everything We Do
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Ability to leverage existing Meredith segments to create new custom segments for brands
INDEPENDENT MILLENNIALS
Engaged
Wedding planning
Entertainers
Pregnant women
Parents with kids 0-2
Parents with toddlers
Moms with school kids
Active families
Job seekers
College graduate
Fitness fanatics
Active lifestyle
Adults 18-24
COUPLING FAMILYNESTING
New home owners
In-market new auto
buyers
Entertainers
Bakers
Gardening
Holidays
INVESTING, PLANNING, SAVING
Empty nesters
Personal investors
Asset investors
Interested in finance
Adults 55+
Retired
ADVERTISING
devices on average
per user per cookie
.53 +Largest U.S. media database
with 100MM consumers and
800 data points per person!
Target Interest & Intent
8
1
Straight Food Intent:
Based targeting
2
Non-Food Intent:
Reach known moms
going to grocery store
3X week
ADVERTISING
50%of Allrecipes users
visit grocery store
within 24 hours of
site visit
Meredith Data Drives Retail Sales for Old Navy
GOAL: Acquire new customers and grow sales
STRATEGY: Meredith data scientists analyzed Old Navy
buyers’ characteristics using Meredith data to develop
custom targeting segments of Meredith users,
engaged through targeted email offers
RESULTS:
> 5MM unique consumers reached
> 49% lift in Total Buyers
> 58% lift in New Buyers
> 12%+ in Total Sales
• New buyers spent 4% more than existing buyers
> Positive ROI: $1.77 average campaign
ADVERTISING
Meredith Data Drives Walmart Online Visits & Sales
GOAL:
> Drive consumers to Walmart.com to purchase
Better Homes & Gardens’ branded products
STRATEGY:
> Combine known consumer data with DMP data to develop
and identify 7 top-performing segments
> Build ongoing consumer relationship through 8-month-long
multi-touch email campaigns
> Align campaign with additional media buys and “magalogs”
delivered with subscription copies and available in-store
RESULTS:
> Better Homes & Gardens sales grew at a rate 3X the overall
home business on Walmart.com
CONSUMER MARKETING
MEREDITH
ECOMMERCE
DRIVES REVENUE
4MMMONTHLY VISITS TO
OUR RETAIL PARTNERS
80,000 MONTHLY SALES
TRANSACTIONS
$4.1MM MONTHLY REVENUE FOR
OUR RETAIL PARTNERS
12MM+MONTHLY
VISITS
Seven Premium Shopping Experiences
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Turning inspiration into action
COMMERCE
200%+MONTHLY REVENUE TO
PARTNERS HAS DOUBLED
WITHIN PAST YEAR
Identify Consideration to Maximize Purchases
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Capture and leverage interest & intent data to maximize consumer purchase opportunity
IN-IMAGE HOTSPOTS & PRODUCT SEARCH: 10,000+ hotspots activated within our images
SHOP
NOW
GET IT
NOW
NATIVE CURATED GALLERIES: Editor-curated branded galleries promote
branded products across our sites
COMMERCE
Personalized Content Experiences: The Next Phase of Header Evolution
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CONTENT
WHAT AD SHOULD I SHOW?
AD SERVER
CONTENT EXCHANGEWHAT
CONTENTSHOULD I SHOW?
Fill with Hair Care content;
otherwise show regular
Beauty content
CMS calls out to bid in auction
for content directly from page2
3
1Known user interested
in Hair Care
Real-Time Category and Industry Trends
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INDEXING
Inclusion in
recipes (Allrecipes)
Hershey-related activity (e.g., searches, adds to shopping
lists, purchases) Cacao
Growing/
Agricultural Trends
chocolate
Processing
We’re In Early Innings...
> Data is starting to power our business
beyond advertising
> Combining publisher and client data
creates a more robust consumer view
> Publisher data can also power brands’
businesses
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THANK YOU!
CHIP SCHENCK | VP/Programmatic & Audience Strategy | Meredith Corporation