Weve allows users to opt out of mobile ads
Weve, the mobile operator advertising and payment joint venture, is rolling out the AdChoices icon to mobile display ads for the first time, giving the consumers the opportunity to opt out of interest-based targeting.
Once launched on 1 July, mobile display ads delivered to EE, O2 and Vodafone customers will carry the triangle icon created by the European Digital Advertising Alliance (EDDA) in 2012.
Weve says while the AdChoices logo has been primarily designed for consumers, its rollout to mobile will benefit brands by increasing transparency and building trust among their mobile audiences. During beta-testing of the service, opt out rates were just 0.002 per cent of the impressions served, Weve adds.
Weve first announced its display advertising trial in January, with Tesco the first advertiser to test the service, which lets brands target its 22 million-strong audience of opted-in customers.
In its first financial disclosure to Companies House, Weve reported revenue of £12.7m for the six months to 31 December 2013, the majority of which Marketing Week understands was generated by SMS and MMS advertising. However, operating expenses of more than £30m meant the company made a loss of more than £24m in the period.
Earlier this month Weve announced it was on the hunt for a new chief executive, with current boss David Sear set to leave the company in July.