Less than a week into the Summer Olympics, NBCUniversal is already setting records, reporting the highest advertising revenue in its history for the Olympic and Paralympic programming.
While specific figures weren’t disclosed, the entertainment giant had previously projected it would surpass $1.2 billion in ad sales for the 2024 Paris Olympics. Digital ad revenue also hit a new peak, more than doubling the revenue from the 2020 Tokyo Games, which were delayed to 2021 due to the pandemic.
The 2024 Paris Games have attracted more advertisers than the Rio and Tokyo Summer Games combined, with over 70% of them being first-time Olympic sponsors, contributing nearly $500 million in revenue. NBCUniversal has also introduced innovative advertising formats, including a commercial-free hour of programming where traditional ad breaks were replaced with rotating sponsor logos.
Mark Marshall, chairman of global advertising and partnerships at NBCUniversal, highlighted the unique impact of the 2024 Paris Games, stating, “The Paris Games have delivered a uniquely powerful halo for brands at an incredible scale with a highly engaged and passionate audience. Together, we have innovated the advertising experience with authentic and inspirational creative that is leaving a lasting impact on consumers.”
The Olympics were expected to boost the ad market as marketers navigate post-inflation challenges. Peacock, NBCUniversal’s streaming service, has received praise for its Paris coverage and personalized viewing options.
For Olympic sponsors, the stakes are high as they aim to demonstrate that brand marketing still drives impact. Nike, battling a sales slump, has launched a gritty campaign showcasing the ruthless qualities that make elite athletes winners. Other brands have taken a softer approach, with Coca-Cola focusing on the unifying power of hugs and Hyundai addressing the moments when kids question their passion for sports.
Artificial intelligence (AI) has also made a significant appearance at the Summer Olympics, though its reception has been mixed.
