YuMe’s New eBook Delivers a Comprehensive View of Factors That Influence and Drive Millennial Purchase Behaviors

Millennials Evolved Research Aids Marketers in Reaching Key Audience Through Personality Segments

REDWOOD CITY, Calif.--()--YuMe, Inc. (NYSE: YUME), the global audience technology company powered by data-driven insights and multi-screen expertise, today released their new eBook, Millennials Evolved. YuMe surveyed more than 5,000 consumers to understand how cultural, environmental and life events influence purchase behavior, media viewing habits, device preferences and the impact on consumer marketing. The study found that while there are common characteristics that define the entire generation, there is more depth and nuance to the audience that advertisers should be aware of in order to influence this segment and drive higher engagement.

Millennials are more likely to watch TV shows than older generations but are less likely to watch cable television, according to the study. They are turning to streaming and downloading for video and are much more likely to watch video content of any sort: movies, music, and web videos. Because of these technology attachments, it may be assumed that Millennials have completely delineated their habits from other generations. However, the research demonstrates that they are only incrementally different from other generations.

Key findings of the study include:

  • Millennials are more diverse and complex than is conventionally assumed. Millennials differ from other generations in more ways than just age. Millennials were broken into five separate segments, each with different needs, informing what media they consume, what they purchase and their ad preferences.
  • Generational or age-based segmentation does not define factors that drive behavior. Targeting audiences based solely on birth year is a very broad and ineffective method for understanding and segmenting audiences. Segments are not necessarily age specific; they transcend generational boundaries and audience segmentation, providing a holistic approach to actionable insights driven by factors that truly influence their behaviors and purchase decisions.
  • Segmentation insight gives advertisers a clear picture of which marketing efforts will make the biggest impact. Messaging and creative should be crafted to connect with individual consumer segments, not necessarily the generation they were born into.

“Our goal was to evaluate the Millennial audience to create a more comprehensive picture of the audience segment that makes up this highly sought-after generation,” said Paul Neto, Senior Research Director at YuMe. “Using the profiles we’ve established for each segment, advertisers can plan future projects with clarity and precision, ensuring the tone and content of their ads, media and device path, as well as brand and product are aligned with the audience.”

Millennials Evolved takes audience segmentation beyond age or generation gaps and defines consumers based on fundamental factors, such as their different value systems, and their approach to media, advertising and shopping. Using this segmentation analysis, YuMe created the following audience segments: Mobile Mavens; Tech-Savvy Savants; Cross-Training Cord Cutters; Thrifty Traditionalists; and Causally Connected. Each of these audience segments are profiled within in the eBook, including details like demographics, likely career path, shopping, health, fitness and technology habits, and advertising preferences.

“Marketers must go beyond the stereotypical definition of the Millennial consumer, taking into account all of the nuances that make this generation unique, in order to deliver impactful campaigns,” said Stephanie Gaines, Vice President, Corporate Marketing at YuMe. “This study reinforces the vital importance of highly focused audience building and segmentation, leveraging key behavioral and psychographic insights that drive engagement and can be the difference between a highly successful or lackluster campaign.”

YuMe used Interpret to survey more than 5,000 US-based consumers over the age of 18 with 120+ questions concerning media consumption, device usage and advertising preferences to measure critical customer patterns that lead directly to consumption, advocacy and sales.

To download Millennials Evolved, visit http://www.yume.com/research/millennials-evolved.

About YuMe

YuMe, Inc. (NYSE: YUME) is a leading provider of global audience technologies, curating relationships between brand advertisers and consumers of premium video content across a growing range of connected devices. Combining data-driven technologies with deep insight into audience behavior, YuMe offers brand advertisers end-to-end marketing software that establishes greater brand resonance with engaged consumers. It is the evolution of brand advertising for an ever-expanding video ecosystem. YuMe is headquartered in Redwood City, California, with worldwide offices. For more information, visit www.YuMe.com/pr, follow @YuMevideo and like YuMe on Facebook.

Forward-Looking Statement

This press release contains forward-looking statements, including those in management quotations. In some cases, you can identify forward-looking statements by the words "may," "will," "expect," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. All statements other than statements of historical fact are statements that could be forward-looking statements, including, but not limited to, statements about this study and its impacts, industry terminology such as audience guarantees and viewability, political campaign ad spending trends, the impact and value of cross-screen advertising, product offerings, strategic partnerships, including this partnership with Interpret, and the benefits derived therefrom, growth strategies; operating results; market trends; and quotations from management. These forward-looking statements are subject to risks and uncertainties, assumptions and other factors that could cause actual results and the timing of events to differ materially from future results that are expressed or implied in the forward-looking statements. Factors that could cause or contribute to such differences include YuMe's history of net losses and limited operating history, which make it difficult to evaluate prospects, YuMe's fluctuating quarterly results of operations, and dependence on a limited number of customers in a highly competitive industry. These and other risk factors are discussed under "Risk Factors" in YuMe's Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 that has been filed with the U.S. Securities and Exchange Commission (the "SEC"), and in our future filings and reports with the SEC. The forward-looking statements in this press release are based on information available to YuMe as of the date hereof, and we assume no obligation to update any forward-looking statements.

Contacts

YuMe, Inc.
Kenya Hayes, 650-779-2499
khayes@yume.com

Release Summary

YuMe releases new eBook, Millennials Evolved. YuMe surveyed more than 5,000 consumers to understand how cultural, environmental and life events influence and drive Millennial purchase behavior.

Contacts

YuMe, Inc.
Kenya Hayes, 650-779-2499
khayes@yume.com