LONDON, Feb. 15, 2024 /PRNewswire/ -- Fospha and Snap are today announcing a partnership that will further enable eCommerce advertisers to measure their Snapchat campaigns.
What's the problem this partnership is solving?
Measuring the true impact of impressions-led advertising has long been a tough task, especially with new privacy measures, which have made getting the right data even harder.
Fospha has found that basic click-tracking methods (like last-click and MTA) don't fully recognize the value of upper-funnel activity, with a 2023 study finding that these methods miss about 74% of the sales that come from impression-based media. Across their client base, Fospha also found that brands that aren't investing in higher-funnel activity like Snapchat have significantly higher acquisition cost and lower return on advertising spend.
Fospha's latest report reveals Snapchat to be a key growth channel amongst their brands, with ROAS increasing by 504% from 2022 to 2023, even while spend grew 76% YoY. Fospha states that this demonstrates an opportunity to capitalize on strong performance at higher spend levels.
On Snap's Q4 2023 earnings call, co-founder and CEO Evan Spiegel highlighted the importance of continuing to drive improved performance for advertising partners as a focus for Snap in 2024. Fospha data supports this, showing Snap ROAS has been rising since the company began updating its performance products in late 2022 and early 2023. The Fospha partnership highlights the importance for both companies of empowering brands to improve their attribution capabilities, identify growth opportunities, and maximize returns on their advertising investment.
Why Fospha?
Fospha is pioneering a transformational new approach to cross-channel digital marketing measurement. A no-code implementation means clients are live in 2 to 3 weeks with a year of full funnel performance (impressions, clicks, zero-party data) modelled and it's completely privacy-safe (no user-level personal data is used).
Sam Carter, Fospha CEO, said, "We're delighted that Snap is certifying Fospha as a key partner, further validating our mission to help eCommerce brands spend with confidence. Our product allows us to clearly see the massive unrealized opportunity that brands have in paid social media. We're also particularly bullish on Snap based on the data we see coming in from advertisers. Working with the Snap team to help retailers realize the potential here is really exciting."
To find out more, reach out to Fospha or your Snapchat account manager for more details.
For press enquiries, please contact snezhina.kashukeeva@fospha.com.
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