Key Takeaways
- In 2023, the New York advertising services industry generated $15.2 billion in revenue, representing 12% of the national total.
- New York City's advertising sector contributed $8.7 billion to the local GDP in 2022.
- The industry saw a 5.4% year-over-year revenue growth in Q4 2023 for New York agencies.
- New York employs 78,500 people in advertising services as of 2023.
- Average annual wage for ad agency workers in NYC is $112,400 in 2023.
- There are 4,200 advertising agencies operating in New York State, 85% in NYC metro.
- Digital ad spend in New York totaled $18.5 billion in 2023, 72% of total.
- TV advertising expenditure in NYC markets was $3.2 billion in 2023.
- Social media ad budgets for NY brands grew 22% to $6.8 billion.
- WPP maintains 12 offices in NYC with combined billings of $7.2 billion.
- Omnicom Group's NY agencies bill $9.1 billion annually as of 2023.
- Publicis Groupe's NYC footprint includes 8 agencies, $5.8B billings.
- AI integration in NY ad agencies rose to 67% adoption by 2024.
- Sustainability-focused campaigns increased 34% in NYC in 2023.
- Privacy-first advertising strategies adopted by 82% of NY firms.
New York advertising thrives as a dynamic, high-revenue digital powerhouse.
Advertising Spend
- Digital ad spend in New York totaled $18.5 billion in 2023, 72% of total.
- TV advertising expenditure in NYC markets was $3.2 billion in 2023.
- Social media ad budgets for NY brands grew 22% to $6.8 billion.
- Out-of-home (OOH) ad spend in NYC reached $1.1 billion, up 9%.
- Search engine marketing spend by NY firms: $4.7 billion in 2023.
- Print media ad revenue in New York fell to $850 million in 2023.
- Retail media networks captured 15% of NY ad spend at $2.4 billion.
- Connected TV (CTV) ad dollars in NYC: $1.9 billion, +28% YoY.
- Influencer marketing spend in NY totaled $1.5 billion in 2023.
- Audio advertising (podcasts/radio) in NYC: $650 million.
- Programmatic spend share in NY: 48% of digital total.
- DOOH (digital OOH) in Times Square: $450M spend.
- YouTube ad revenue for NY advertisers: $2.9B.
- Email marketing ROI drives $1.2B NY spend 2023.
- Gaming ads in NY: $780M, targeting Gen Z.
- Billboard inventory value in NYC: $920M annually.
- TikTok ad allocation by NY brands: $1.4B.
- Podcast ad growth in NY: 27% to $420M.
- Native advertising spend: $1.1B in NY publications.
- Affiliate marketing channels: $890M NY spend.
Advertising Spend Interpretation
Employment and Workforce
- New York employs 78,500 people in advertising services as of 2023.
- Average annual wage for ad agency workers in NYC is $112,400 in 2023.
- There are 4,200 advertising agencies operating in New York State, 85% in NYC metro.
- Female representation in NY ad industry leadership roles is 38% in 2023.
- Entry-level creative positions in NYC saw 12% turnover rate in 2023.
- 65% of NY ad workforce holds bachelor's degrees, highest in US.
- Freelance ad professionals in NYC number 22,000, up 15% from 2022.
- Unionized ad workers in NY comprise 18% of total employment.
- Remote work adoption in NY ad agencies is 42%, down from 55% in 2022.
- Diversity hiring initiatives boosted minority employment to 29% in 2023.
- Ad agency employment in Manhattan: 52,300 in 2023.
- Media directors in NY earn avg $185,000 annually 2023.
- 2,100 new hires in NY ad digital roles in 2023.
- Account executives turnover: 22% in NYC agencies.
- 41% of NY ad workers aged 25-34 in 2023 demographics.
- STEM-skilled ad pros in NY: 28% of workforce.
- Gig economy ad creatives: 15,400 in NYC metro.
- Executive MBA holders in NY ad leadership: 19%.
- Overtime hours avg 12/week for NY ad staff 2023.
- Internship programs in NY agencies: 3,200 slots filled.
Employment and Workforce Interpretation
Industry Trends
- AI integration in NY ad agencies rose to 67% adoption by 2024.
- Sustainability-focused campaigns increased 34% in NYC in 2023.
- Privacy-first advertising strategies adopted by 82% of NY firms.
- Short-form video ad effectiveness up 45% in NY markets.
- Metaverse ad experiments by NY agencies: 15% involvement.
- DEI initiatives in NY ad industry scored 7.2/10 in 2023 audits.
- Cross-channel attribution tools used by 76% of NYC agencies.
- Creator economy partnerships surged 51% in New York.
- Projected 6.8% CAGR for NY ad industry through 2028.
- Generative AI tools in 71% NY agency workflows 2024.
- First-party data strategies: 89% NY agency priority.
- AR/VR ad campaigns up 62% in NYC brands.
- Shoppable ads conversion rates: 3.2x higher NY.
- Web3/NFT marketing pilots: 22% NY agencies.
- Voice search optimization spend +39% NY.
- ESG reporting mandatory for 45% NY ad clients.
- Headless CMS adoption: 58% NY digital teams.
- Predictive analytics in planning: 64% usage NY.
- Zero-party data collection up 73% NY firms.
Industry Trends Interpretation
Major Companies and Agencies
- WPP maintains 12 offices in NYC with combined billings of $7.2 billion.
- Omnicom Group's NY agencies bill $9.1 billion annually as of 2023.
- Publicis Groupe's NYC footprint includes 8 agencies, $5.8B billings.
- IPG (Interpublic) dominates NY with $6.4 billion in local billings.
- Independent NY agency BBDO New York bills $2.1 billion yearly.
- Droga5 (Accenture Song) NY office revenue: $1.3 billion in 2023.
- Media buying firm GroupM NY handles $4.5 billion in spend.
- R/GA New York, digital pioneer, $950 million billings.
- McCann NY's billings grew to $1.7 billion post-2023 campaigns.
- NYC's smallest agencies (under 10 staff) number 1,200.
- Dentsu NY billings: $3.9B across 6 offices.
- Havas NY handles $2.2B in creative billings.
- 72andSunny NY revenue: $1.1B post-merger.
- Deutsch NY billings steady at $1.4B in 2023.
- AKQA New York digital billings: $850M.
- Starcom NY media planning: $3.7B spend managed.
- Ogilvy NY's global brands contribute $2.8B locally.
- Huge Inc. NY UX design billings: $650M.
- BBH NY billings: $1.2B with luxury focus.
- Boutique agency growth: 320 new in NYC 2023.
Major Companies and Agencies Interpretation
Market Size and Revenue
- In 2023, the New York advertising services industry generated $15.2 billion in revenue, representing 12% of the national total.
- New York City's advertising sector contributed $8.7 billion to the local GDP in 2022.
- The industry saw a 5.4% year-over-year revenue growth in Q4 2023 for New York agencies.
- Total billings for New York ad agencies reached $25.6 billion in 2023.
- Programmatic advertising accounted for 42% of New York's digital ad revenue at $4.1 billion in 2023.
- Traditional media ad spend in NYC dropped to $2.9 billion, down 8% from 2022.
- New York ranks first in the US for ad agency revenue concentration with 18% market share.
- Venture capital investment in NY ad tech startups totaled $1.2 billion in 2023.
- The industry's profit margin averaged 11.2% in New York for 2023.
- NYC ad services exports to international clients hit $3.4 billion in 2022.
- In 2023, NY ad revenue per capita was $1,780, highest US city.
- Boutique NY agencies grew 14% in number to 950 in 2023.
- Ad tech M&A deals in NYC totaled 28, value $2.1B in 2023.
- NY ad industry taxes contributed $1.9B to city revenue 2023.
- OTT platform ad spend in NY hit $2.3B, +31% YoY.
- NY ad services industry has 9,500 establishments statewide.
- Concentration ratio: top 4 NY ad firms hold 52% market.
- Post-pandemic recovery: NY ad revenue +11% since 2021.
- B2B ad spend in NYC sectors: $3.6B in 2023.
Market Size and Revenue Interpretation
Sources & References
- Reference 1IBISWORLDibisworld.comVisit source
- Reference 2NYC-BUSINESSnyc-business.nyc.govVisit source
- Reference 3STATISTAstatista.comVisit source
- Reference 4ADAGEadage.comVisit source
- Reference 5EMARKETERemarketer.comVisit source
- Reference 6OAAAoaaa.orgVisit source
- Reference 7FORBESforbes.comVisit source
- Reference 8PITCHBOOKpitchbook.comVisit source
- Reference 9NYCEDCnycedc.comVisit source
- Reference 10DATAdata.bls.govVisit source
- Reference 11BLSbls.govVisit source
- Reference 12ANAana.netVisit source
- Reference 13UPWORKupwork.comVisit source
- Reference 14AFTRAaftra.comVisit source
- Reference 15GARTNERgartner.comVisit source
- Reference 164AS4as.orgVisit source
- Reference 17KANTARkantar.comVisit source
- Reference 18OOHooh.comVisit source
- Reference 19WORDSTREAMwordstream.comVisit source
- Reference 20PANApana.orgVisit source
- Reference 21IABiab.comVisit source
- Reference 22NIELSENnielsen.comVisit source
- Reference 23INFLUENCERMARKETINGHUBinfluencermarketinghub.comVisit source
- Reference 24EDISONRESEARCHedisonresearch.comVisit source
- Reference 25WPPwpp.comVisit source
- Reference 26OMNICOMGROUPomnicomgroup.comVisit source
- Reference 27PUBLICISGROUPEpublicisgroupe.comVisit source
- Reference 28INVESTORinvestor.interpublic.comVisit source
- Reference 29ACCENTUREaccenture.comVisit source
- Reference 30GROUPMgroupm.comVisit source
- Reference 31RGArga.comVisit source
- Reference 32MCCANNWORLDGROUPmccannworldgroup.comVisit source
- Reference 33DELOITTEdeloitte.comVisit source
- Reference 34ADWEEKadweek.comVisit source
- Reference 35MARKETINGDIVEmarketingdive.comVisit source
- Reference 36BROOKINGSbrookings.eduVisit source
- Reference 37CRUNCHBASEcrunchbase.comVisit source
- Reference 38NYCnyc.govVisit source
- Reference 39DATAdata.census.govVisit source
- Reference 40B2BMARKETINGb2bmarketing.netVisit source
- Reference 41GLASSDOORglassdoor.comVisit source
- Reference 42LINKEDINlinkedin.comVisit source
- Reference 43ADEXCHANGERadexchanger.comVisit source
- Reference 44FIVERRfiverr.comVisit source
- Reference 45SHRMshrm.orgVisit source
- Reference 46AAFaaf.orgVisit source
- Reference 47THINKWITHGOOGLEthinkwithgoogle.comVisit source
- Reference 48LITMUSlitmus.comVisit source
- Reference 49NEWZOOnewzoo.comVisit source
- Reference 50CLEARCHANNELclearchannel.comVisit source
- Reference 51TIKTOKtiktok.comVisit source
- Reference 52SHARETHROUGHsharethrough.comVisit source
- Reference 53AFFILIATEBENCHMARKSaffiliatebenchmarks.comVisit source
- Reference 54DENTSUdentsu.comVisit source
- Reference 55HAVAShavas.comVisit source
- Reference 5672ANDSUNNY72andsunny.comVisit source
- Reference 57DEUTSCHINCdeutschinc.comVisit source
- Reference 58AKQAakqa.comVisit source
- Reference 59STARCOMstarcom.comVisit source
- Reference 60OGILVYogilvy.comVisit source
- Reference 61HUGEINChugeinc.comVisit source
- Reference 62BARTLEBOGLEHEGARTYbartleboglehegarty.comVisit source
- Reference 63PSFKpsfk.comVisit source
- Reference 64DELOITTEwww2.deloitte.comVisit source
- Reference 65SHOPIFYshopify.comVisit source
- Reference 66COINDESKcoindesk.comVisit source
- Reference 67SUSTAINABLEBRANDSsustainablebrands.comVisit source
- Reference 68CONTENTSTACKcontentstack.comVisit source






