X said in the deck it had 540 million monthly active users, driven by Gen Z, between April and June 2023, and saw a more than 20% increase in user active minutes year-over-year during that time, citing internal research that was not verified by Ad Age.
The big sell in the deck is around new vertical videos, seemingly a way for it to compete against short-form video app TikTok as well as Meta’s Instagram Reels. Features promoted in the deck include its new immersive media viewer, which allows users to expand videos to full screen and makes it easier for them to swipe and discover new content.
X seems to be pushing videos to attract advertisers as it gears up for the holidays, per the deck. Its other highlighted moments include sports events including the NBA and NFL, as well as BravoCon, the convention hosted by Bravo, and The Game Awards, which honors achievements in video gaming.
“Brands on X are more relevant, entertaining and driving a greater ROI than one year ago,” the deck said. “In Q4 we focused on helping brands tap into the growth of video on X, while strengthening our performance offering for the Holidays season.”
One ad buyer said that X had “massive holiday discounts” last year and expected the platform to do the same this year. Price cuts have been one way X has been trying to woo advertisers back to the platform.
One political advertising strategist had told Ad Age that X is offering $5 for the cost per thousand impressions for political ad campaigns, another big focus for X recently, which is three to five times cheaper than comparable ad opportunities on Meta’s Facebook.
X also seems to be making a push for long-form video and posts as well as live streaming, timeline personalization, direct messaging and audio and video calling. New features promoted in the deck include XHiring, which allows verified companies to post open jobs on their handles, as well as keyword targeting for ads, which it brought back earlier this year.
The deck also touted advertisers’ ability to send money and pay creators directly within the app, with more features to come on that.
The focus on videos
The deck claimed X’s immersive media viewer is its “fastest growing surface” with more than 100 million daily users, primarily Gen Zers.
“X has been heavily pushing video on the platform and the Immersive Media Viewer is part of this effort as it touts full screen, sound-on vertical video ads, which they claim generate higher engagement," said Prerna Talreja, Crossmedia managing director of digital activation.