Inuvo Client CTV Demand Increases Over 300% In Midst of Covid-19

Rhea-AI Summary

Inuvo, Inc. (NYSE American: INUV) reported a 300% increase in clients utilizing its Connected TV (CTV) services, driven by a shift from traditional TV advertising due to the COVID-19 pandemic. Advertisers are reallocating budgets, opting for flexible online channels like CTV, which allows real-time media spending adjustments. This trend is particularly favorable for small and mid-tier agencies. Inuvo's IntentKey technology enhances audience targeting, improving campaign performance across multiple devices. The company emphasizes the growing demand for data-driven marketing strategies.

Positive

• 300% increase in clients using Connected TV services
• Greater demand for flexible advertising options during COVID-19
• Small and mid-tier agencies gaining access to advanced AI-driven marketing
• Enhanced campaign performance with data-driven audience targeting

Negative

• None.

LITTLE ROCK, Ark., May 18, 2020 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology, powered by artificial intelligence that serves brands and agencies, today announces a 300% increase in clients signing on to run Connected TV (CTV), an evolving channel, to message their IntentKey^TM identified audience segments.

AdWeek reported last week that as a result of the COVID-19 pandemic, advertisers are planning to spend up to 33% less on traditional TV advertising in lieu of online Connected TV. The report cited cancelation of sporting events and shelter-in-place orders as the catalyst for the shift. “We are experiencing increase in demand for CTV across industry verticals we serve in part because the online television advertising model offers greater cost of advertising flexibility for our clients,” said Tristan Cameron, VP of Sales & Account Management.

Cameron noted, “Traditional linear TV requires upfront commitments that advertisers are hesitant to commit to in this environment. Rather, they are opting for a more accommodating deployment through the CTV features of the IntentKey where media spending can be adjusted on or off in real-time. This also allows our advertisers to incorporate this digital channel alongside other online channels & tactics for a more integrated multi-channel digital marketing plan.”

COVID-19 is accelerating advertisers budget reallocations from traditional media like billboard, radio, and print. CTV offers an attractive digital alternative where the intelligence of the IntentKey^TM audience building can be leveraged as part of an overall strategy to increase campaign performance. This has been of particular interest to small and mid-tier agencies, where access to this kind of artificial intelligence has heretofore been out of reach.

The pandemic is causing a shift from the traditional marketing mix. Our clients are now looking for data-driven audience targeting to execute multi-device campaigns at the household level that includes CTV to drive enhanced campaign performance.

About the IntentKey^TM
Inuvo®’s IntentKey^TM is a patented, machine-learning technology designed to mirror the manner in which the human brain instantly associates ideas, emotions, places, people, and objects. It creates an accurate, high-definition picture of consumer intent and sentiment related to a particular topic or item. Inuvo harnesses the power of the IntentKey^TM to discover and reach high volumes of incremental in-market and relevant audiences that are hidden from typical marketing approaches. The IntentKey^TM enables pinpoint media execution reaching consumers throughout the purchasing funnel all the way to conversion.

About Inuvo
Inuvo®, Inc. (NYSE American: INUV) is a market leader in artificial intelligence, aligning and delivering consumer-oriented product & brand messaging strategies online based on powerful, anonymous and proprietary consumer intent data for agencies, advertisers and partners. To learn more, visit www.inuvo.com.

Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering and the intended use of proceeds from the offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

Inuvo Company Contact:
Wally Ruiz 
Chief Financial Officer
Tel (501) 205-8397
wallace.ruiz@inuvo.com 

FAQ

What recent announcement did Inuvo make regarding Connected TV?

Inuvo reported a 300% increase in clients signing on to utilize Connected TV services.

How has COVID-19 impacted advertising trends for Inuvo?

COVID-19 has prompted advertisers to shift budgets from traditional TV to online Connected TV, with a reported up to 33% decrease in spending on traditional TV.

What is the IntentKey technology and how does it benefit advertisers?

The IntentKey is Inuvo's AI-driven technology that enhances audience targeting and allows advertisers to optimize campaigns in real-time.

What benefits does Connected TV offer over traditional TV advertising?

Connected TV offers more flexible advertising options, allowing for real-time adjustments in media spending compared to traditional TV's upfront commitments.