Would you like to be able to run video ads on streaming services that specifically target LinkedIn users? The social network is testing a new ad product that allows advertisers to reach LinkedIn’s 930 million users as they watch TV or movies at home.
In a statement to Reuters, the Vice President of Marketing Solutions for LinkedIn, Penry Price, said: “In-stream video ads can change the way brands and buyers reach and engage their audiences.”
The new ad format comes following reports that the company’s ad platform is already up in sales by 8% year-on-year and is looking to further grow its advertising profits.
The new format could also be a boon for advertisers looking to increase their ROI by reaching their audiences with ads while they are most receptive.
LinkedIn’s ad growth has been a bit of a surprise because it comes at a time when other ad platforms are being hit by falling ad budgets and an overall uncertain economy. Meanwhile, the social network’s ad platform continues to drive revenue from ad sales and subscriptions for recruiters, professionals, and B2B salespeople.