2026 State of Mobile is Live!

In 2025, Amazon generated over six times more Retail Media impressions than any other RMN, a reflection of both its scale and its advertiser reach. More than 18,000 advertisers were active on Amazon, compared to just over 1,100 at Walmart, the second-largest network. While Amazon operated in a league of its own, the top 10 list also included a diverse mix of retailer types, including leaders from electronics, pet, beauty, and more.
Beyond Amazon’s outsized scale, Retail Media growth was widespread in 2025. Total impressions were up +11% YoY, with 18 RMNs posting YoY gains. Among the 10 largest networks, Instacart (+29%), Chewy (+24%), and Best Buy (+16%) all delivered double-digit growth.
In 2025, P&G climbed 3 spots to become the top retail media advertiser, overtaking Nestle from 2024. P&G was active across 23 RMNs, supporting 75 different brands within their portfolio, led by Olay.
The breadth of this strategy wasn’t unique to P&G. On average, the top 10 advertisers operated across 18 RMNs and promoted 35 different brands, underscoring how leading parent companies are leveraging Retail Media as a portfolio-wide strategy.
Nestle ranked #2, driven by Purina PetCare, while Unilever followed at #3 led by support for Dove.
In 2025, retail media’s growth was concentrated in just five channels. While X posted the highest percentage increase (+135% YoY), it remained a relatively small contributor, accounting for just 1% of total impressions
The largest gains in absolute volume came from Facebook (+49B impressions) and Instagram (+22B), as brands increasingly leveraged retailers’ social extensions to build reach.
Meanwhile, OnSite Video (-42% YoY) and OnSite Display (-32%) were among the largest channel declines in 2025, suggesting a strategic shift toward OffSite environments for brands seeking broader visibility and upper-funnel impact.
Channel strategies varied meaningfully across RMNs in 2025. Amazon stood out with its heavy reliance on OnSite Display, reinforcing its conversion-focused model. For every other top 10 RMN, Facebook generated the largest share of impressions.
Elsewhere, retailer priorities diverged. Walmart, for example, leaned into Instagram (20%), Best Buy emphasized OffSite Display (20%) and Instacart allocated a sizable share to YouTube (16%). In contrast, X and Snapchat represented a relatively small share of activity across the board.
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