Saturday, May 2, 2020
AT&T’s WarnerMedia Absorbs Ad Tech Unit Xandr
AT&T Inc. is combining its WarnerMedia and Xandr business units—which has long been expected by company insiders—in an effort to have a single advertising sales and technology offering across the company, The Wall Street Journal reports.
Xandr has been at the center of AT&T’s efforts to build a so-called advanced advertising business. It aims to use the telecommunications giant’s wireless, broadband and pay-TV customer data to help advertisers reach custom audiences across screens. Xandr also offers digital publishers and TV networks tools to help sell their ad inventory.
AT&T built Xandr in 2018 from existing ad businesses including its advanced TV unit AdWorks and the advertising technology company AppNexus, which it acquired that year.
The Xandr business unit generated $489 million in first-quarter revenue, up nearly 15% year over year, according to AT&T’s earnings report. Some of the revenue booked under Xandr comes from AT&T’s pay-TV businesses including DirecTV.
AT&T’s WarnerMedia unit houses TV networks including TBS, TNT, Cartoon Network and CNN as well as various digital properties. It was formed following AT&T’s acquisition of Time Warner in 2018.
Posted 3:38:00 AM