INSTACART Marks Newest Extension of Off-Platform Partnerships Where Consumers can Seamlessly Purchase Products from YouTube Ads
SAN FRANCISCO and CANNES, France, June 17, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading online grocery platform in North America, today announced that it is extending its first-party retail media data to YouTube, driving even more shoppable reach for its advertisers. Select brand partners will be able to inspire and convert consumers watching YouTube directly to purchase for same-day delivery. The new capability builds on Instacart's successful Instacart-powered Google Shopping Ads collaboration announced earlier this year.
Instacart-powered shoppable YouTube ads will help select brands turn their YouTube ads into instantly shoppable experiences powered by Instacart's retail media technology and fulfillment network. Clorox and Publicis Media are among Instacart's first partners to pilot the capability. Pilot partners' shoppable video campaigns on YouTube will leverage Instacart's first-party data to identify and reach high-intent consumers, and receive closed-loop measurement. Viewers can click directly from these YouTube ads to an Instacart product page to purchase the featured items for same-day delivery.
"We're proud to continue bringing our world-class advertising capabilities to more platforms and unlocking innovative new touchpoints to connect brands and consumers. By expanding into shoppable YouTube ad formats, we're merging the power of video creative with our valuable first-party data and seamless shopping experience," Fidji Simo, CEO and Chair of Instacart. "Today's announcement marks an important next step to make grocery shopping effortless by helping consumers more easily go from discovery to purchase."
"Clorox has been a longstanding Instacart Ads partner. We've been quick to test new pilot offerings, including Instacart's shoppable video ads on their platform, because we see the value of retail media to reach our target consumers," said Tiffany Tan, Senior Director, eCommerce Growth Accelerator. "We are excited to pilot these new Instacart-powered shoppable YouTube ads off of Instacart to test and learn alongside the Instacart team. Instacart's first-party retail media data layered on top of our video creative will help us create engaging, shoppable ads to better reach, inspire, and drive purchases from YouTube."
"Retail media networks are a meaningful channel for our CPG clients because of their high-intent audiences at the point of purchase," said Joel Lunenfeld, Chief Executive Officer at Publicis Media Exchange (PMX). "We look forward to piloting these new shoppable ads to help our clients power greater connected commerce experiences for their customers and reduce the path to purchase. This is another powerful retail media capability we can provide clients that delivers rich, first party data and fulfillment capabilities that can be scaled, ultimately helping them grow their business."
This YouTube pilot extends Instacart's broader retail media collaboration with Google Shopping. This January, Instacart announced a new partnership to deliver Google Shopping Ads for its CPG partners, leveraging Instacart's rich, first-party retail media data. Brands including Danone and Nestle USA were among the first to pilot the new offering and are seeing promising results that validate the power of using retail media to make campaigns more performant beyond Instacart's own platform. Instacart's AI-powered merchandising combines nutritional preferences, past purchases and real-time trend data to engage high-intent consumers across Google's properties and facilitate purchases on Instacart.
According to Nielsen's Gauge, YouTube dominates total share of streaming and TV watch time. A recent Google/TalkShoppe study found YouTube is the #1 platform consumers use to research products and make purchase decisions, with viewers watching over 30 billion hours of shopping-related content in 2023.
About Instacart
Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,500 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 85,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com.
For anyone interested in becoming an Instacart shopper, visit https://shoppers.instacart.com/.
View original content to download multimedia:https://www.prnewswire.com/news-releases/instacart-makes-youtube-ads-shoppable-for-cpg-brands-302173614.html
SOURCE Maplebear Inc. dba Instacart
