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Marketing & Advertising Glossary

From CPM to programmatic, every term in advertising and media buying explained in plain English.

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Private Marketplace (PMP)

Buying

A private marketplace (PMP) is an exclusive, invitation-only auction where publishers offer premium ad inventory to selected advertisers at negotiated prices.

Programmatic Guaranteed

Buying

A direct media buying agreement where an advertiser reserves guaranteed ad inventory at a fixed price, combining programmatic efficiency with traditional guaran

Real-Time Bidding (RTB)

Buying

An automated auction system where advertisers bid in real-time for individual ad impressions, with winning bids displayed instantly to users.

Retargeting

Audience

Retargeting shows ads to users who've previously visited your website or engaged with your brand, keeping you top-of-mind as they browse elsewhere online.

ROAS

Metrics

ROAS measures how much revenue you generate for every pound spent on advertising.

Return on Ad Spend (ROAS)

Metrics

Return on Ad Spend (ROAS) measures revenue generated for every pound spent on advertising. It's a key performance indicator for evaluating campaign profitabilit

Rich Media Ad

Buying

Interactive digital advertisements with embedded video, animation, or user engagement features that go beyond static display ads to capture attention and drive

Search Impression Share

Metrics

The percentage of eligible impressions your ads received out of the total available in the market. A key metric for understanding search campaign reach and comp

Supply Path Optimisation (SPO)

Buying

A programmatic strategy that identifies and prioritises the most efficient digital advertising paths to reach target audiences, reducing waste and improving ROI

Supply-Side Platform (SSP)

Buying

A technology platform that helps publishers and content owners sell their advertising inventory automatically to buyers, maximising revenue through real-time bi

VAST Tag

Buying

VAST Tag is an XML-based code snippet that enables programmatic video ad serving, allowing advertisers to dynamically insert ads into video inventory across mul

VPAID Tag

Buying

A JavaScript tag that enables interactive video ads to communicate with ad servers, allowing real-time tracking and dynamic creative control during playback.

View-Through Conversion

Metrics

A conversion that occurs after a user views a display ad but doesn't click it, then later completes a desired action like a purchase or signup.

Viewability

Metrics

The percentage of ad impressions that are actually visible to users on screen. A key metric for measuring campaign effectiveness and ensuring media spend delive

Win Rate

Metrics

Win rate measures the percentage of pitches, bids or campaigns your agency successfully wins against competitors.

eCPM

Metrics

eCPM (effective cost per thousand impressions) measures the revenue generated per 1,000 ad impressions, helping publishers and advertisers optimise campaign pro

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