Cost per mille is the price of a thousand impressions. Mille is Latin for thousand, which explains the odd spelling. Advertisers use CPM to compare the cost of reach across channels and placements.
A premium video placement on a major news site might carry a twenty-dollar CPM. A programmatic banner on a smaller site might cost less than a dollar. The gap reflects audience quality, context, and demand.
What pushes CPM up
- High-demand audiences
- Premium publisher environments
- Rich media and video formats
- Seasonal competition
CPM is a cost metric, not a performance metric. Buying the cheapest impressions often means buying the least valuable ones. Context still matters.
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