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Key Takeaways:
As election day neared, presidential campaign US ad spend soared. While this is no surprise, ST data indicates that the Harris and Trump campaigns increased ad spend 70% and 60%, respectively, since Aug’24, which was the first full month with Kamala Harris in the race. Over the past three months, the Harris for President campaign has dominated in US digital ad spend, accounting for ~85% of spend across both campaigns, buoyed by the success of vast fundraising efforts
On an absolute basis, ST data shows that the Harris campaign outspent the Trump campaign by a magnitude of 570% on digital advertising in the US since its inception
US ad spend targeted to the battleground states has skyrocketed in the past month, up 360% and 50% for the Trump and Harris presidential campaigns, respectively, since Aug’24
In Oct’24, the Trump campaign allocated 70% of its advertising on Meta Platforms towards swing states vs 53% for the Harris campaign
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