Here is an excerpt:
Explain where and why you have seen digital ad revenue growth?
We’ve had a lot of great digital ad momentum lately. We’ve had growth for the last four out of six quarters. We’re largely a B2B ad platform — 65% of our ad revenue is B2B — those sectors that have held up relatively well during COVID, like productivity tech, financial services, healthcare. We’re well-positioned for where there is still growth in the market.
A somewhat surprising bounceback has been high-end residential real estate, which has seen great performance for digital and print. There’s pent-up demand, a lot of supply and so a lot of marketing activities, which was an unanticipated bright spot for B2C. Luxury is beginning to come back, it’s less dire than it seemed to be three months ago.
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