Nascar Says Mobile Is Driving Traffic, but Revenue Is Still a Lap Behind
While Nascar deals with a lot of issues that are unique to its business, when it comes to the mobile Internet, it faces a common challenge.
Mobile accounts for nearly two-thirds of Internet traffic on race day, but only about 10 percent to 15 percent of digital sponsorship revenue.
It’s “possibly a huge revenue driver one day,” said Colin Smith, managing director of Nascar’s digital efforts, speaking Wednesday at the MobileBeat conference in San Francisco.
That’s a common theme at the conference. Companies here have no shortage of cool ideas related to mobile, but are struggling given that, even as mobile usage surges, mobile advertising remains just a tiny fraction of overall ad spending.
Smith said there’s one area of Nascar’s business where mobile already dominates. “Mobile probably causes 75 percent of our headaches,” he said.