real-time bidding
Pronunciation
/ɹˈiːəltˈaɪm bˈɪdɪŋ/
British pronunciation
/ɹˈiəltˈaɪm bˈɪdɪŋ/
RTB

Definition & Meaning of "real-time bidding"in English

Real-time bidding
01

a digital advertising technology where advertisers bid in real-time to show their ads to specific audiences and the highest bidder gets to show their ad

What is "real-time bidding"?

Real-time bidding (RTB) is a method of buying and selling online advertising space in real time through an auction process. Advertisers bid on ad impressions as they become available, and the highest bid wins the opportunity to display an ad to a specific user. This process happens in milliseconds, as users visit websites or view content. RTB allows advertisers to target their ads more precisely, based on factors such as user behavior, demographics, and location, while providing publishers with a way to maximize revenue by selling ad space to the highest bidder.

example
Examples
The company used real-time bidding to show ads to users who were most likely to be interested in their products.
The marketing team was excited to try real-time bidding because it could give them a competitive edge in reaching customers.
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