Male Millennial, Gen-Z Opps: Red Bull promotes from within to fill CMO vacancy (Score 50)

Sales lead: This hire will directly impact the company's marketing strategy & agency roster. 

  • Red Bull (RB) promoted Philipp Hausmaninger to EVP & CMO in April 2023. 
  • Hausmaninger joined RB in 2008 and most recently served as area marketing manager of Western Europe.
  • He now leads all of RB's marketing operations in NA. 
  • This fills the vacancy left by Ken Turner, which we told you about in March

Target demographic: Millennials & Gen-Zers with a male skew

The company will likely:

  • Continue ramping up digital spend
  • Experiment with new marketing channels 
  • Review the current agency roster

Broadcast insights (TV ad creative spend, effectiveness, impressions, and performance)

  • YTD spend: RB spent nearly $20.2m on national TV ads YTD, a 20% decrease from $25.2m spent in this channel during the same time period of 2022. 
  • 2021-2022 spend: Full-year spend decreased by 18% from $70.8m in 2021 to $58m in 2022. 
  • Ad programming: It placed ads during programming such as NBA Basketball, SportsCenter, The Oscars, NFL Football, and College Basketball.

Digital and social insights (digital ad spend, effectiveness, impressions, and performance)

  • YTD spend: RB spent around $17.3m on digital display ads YTD, more than double the $7.6m spent in this channel during the same time period of 2022. 
  • YTD data: 1.4m impressions via YouTube (63%), Instagram (18%), desktop video (14%), and Facebook (5%). 
  • 2021-2022 spend: Full-year spend fell by 43% from $38.3m in 2021 to $22m in 2022. 
  • Ad location: It placed 100% of these ads directly onto sites such as youtube.com, instagram.com, twitch.tv, facebook.com, and yahoo.com. 

Additional channel insights  

  • Vivvix: RB also utilizes OOH, print, and local broadcast. 
  • Top podcasts sponsored: Thrivetime Show | Business School without the BS, Stuff They Don't Want You To Know, Pardon My Take, Today in Focus, and 2 Bears, 1 Cave with Tom Segura & Bert Kreischer. 

Agency analysis:

Insight Sources: Broadcast insights estimated by iSpot; digital spend insights estimated by Pathmatics; additional channel insights estimated by Vivvix; podcast data estimated by Podchaser