Alison Weissbrot
Feb 18, 2021

Slack hands global media AOR to Mediahub

The workplace messaging app, recently acquired by Salesforce, spent more than half of its fiscal Q3 revenue on sales and marketing.

Getty Images
Getty Images

Workplace messaging platform Slack has awarded its $40 million media agency of record account to Mediahub after a review, Campaign has learned.

The account covers all media strategy, planning and buying across channels in North America and Europe, Slacks two largest markets, according to sources familiar with the pitch.

The review was not led by a consultant and it’s not clear who else participated. Mediahub declined to comment on the win.

Slack is looking to ramp up its marketing spend after its service rose to even greater prominence during the pandemic, while many people continue to work from home.

The platform, launched in 2013, has always been a big marketing spender. The company spent $119 million on sales and marketing expenses in Q3, totaling more than half of its $234 million in overall revenue for the quarter.

This year, Slack upped the ante on its marketing strategy as Microsoft Teams, Google Workspace and similar products from other tech giants began to gain steam during the pandemic.

After being acquired by Salesforce for almost $28 billion late last year, Slack is looking to do a big marketing push in Q1, according to sources familiar with the company’s plans.

Slack did not reply to requests to comment.

Source:
Campaign US

Related Articles

Just Published

2 hours ago

Omnicom’s Interpublic ambition: A deal that could ...

"This is more about cost synergies than revenue growth," argues analyst Ian Whittaker. As Omnicom targets Interpublic, is this deal a revolution or a recalibration?

6 hours ago

The 12-minute window to CTV’s goldmine

The fight for CTV inventory is fierce, but the most valuable ad space isn't where you think it is. Ramakrishnan Raja says that CMOs must master how to leverage the 12-minute discovery window for maximum impact.

6 hours ago

Digital surge powers APAC ad growth to $289 billion ...

The APAC advertising market grew by 7.5% this year, with digital pure players driving 76% of ad budgets. Traditional media saw modest growth, but the future remains firmly digital as the region braces for an 82% digital share by 2029.

7 hours ago

Brain waves meet horsepower in Audi Vietnam campaign

Forget traditional test drives—Audi's new Q8 campaign is using neuroscience to find owners who share a genuine neural connection with the luxury brand's DNA.