The Propel Media Barometer also revealed drops in responses to pitches mentioning AI and genAI, as well as that Series A and B funding rounds both saw nearly 85% increases in pitch volume over Q3 2023
Tel Aviv, Israel— October 18, 2023— Propel, the creator of Artificial Media Intelligence (AMI), has announced the release of its Q3 2023 Propel Media Barometer, finding that overall, journalists responded to 3.33% of the over 400,000 pitches sent through the platform in Q3 of 2023. Meanwhile, podcast pitch volume increased by 53.19%, with response rates for them at 15.18%.
While there was an 11.37% increase in journalist responses between Q2 2023 and Q3 2023, there was also a 14.51% decrease in pitch volume. This decrease in volume is similar to decreases seen year by year between Q2 and Q3 as PR professionals and journalists go on summer vacation. However, what’s different this year is the significant increase in pitch response rates. In fact, an increase of this magnitude has never been seen by Propel.
This is leading the company to believe that one of the drivers for the increased response rates has to do with PR professionals incorporating more generative AI into their workflows. The common refrain among PR thought leaders is that by using genAI to take over the heavy lifting for the more monotonous tasks, people in communications can spend more time honing their messaging and personalizing pitches. It seems that this is indeed what is happening. Propel will continue to monitor pitching and response rates to confirm this hypothesis.
In terms of PR pitching, the best day is still Tuesday, with 27.97% of pitches sent that day, of which 26.06% were responded to. In addition, subject lines of between 1-5 words had the highest response rate of 3.81%, but there were only approximately 27,000 pitches in this bracket sent. Pitches with subjects between 6-9 words and received an open rate of 50.31% and a response rate of 3.78%. Interestingly, the subject line tranche with the most pitches sent was between 10-15 words, but these only received response rates of 2.16%.
Meanwhile, pitches whose bodies were between 51-150 words yet again saw the highest number of responses at 7.49%, while pitches between 501-1,000 words saw only a 1.65% response rate. Pitches in the 51-150 word range comprised 2.95% of pitches sent, while those between 501-1,000 words comprised the largest tranche at 34.67%, likely due to them being full bylined articles or press releases.
The barometer also revealed that pitches mentioning AI only had a 57.66% open rate, down from 91% the previous quarter. Responses also went down, from 1.96% in Q2 to 1.72% in Q3. However, pitches mentioning the phrase “generative AI” had a 61.62% open rate and a 9.4% response rate - down from 11.34%. This suggests that generative AI pitches are becoming less popular as the technology becomes more mainstream.
Elon Musk, Mark Zuckerberg, and Taylor Swift have also dominated news cycles, but despite hundreds of pitches mentioning them, none of them received any sort of a response. It appears that unless someone has real, hard hitting news about them, it’s best not to use these celebrities as news hooks.
Finally, there was a nearly 85% increase in both the amounts of Series A and Series B funding round pitches, while seed funding and Series C pitches decreased by 22.22% and 46.68% respectively. Interestingly, there was a 152% increase in responses to seed funding rounds, with Series A and Series B pitches both seeing increased response rates of around 50%. Series C pitches saw an approximately 8% decrease in responses.
“Generative AI is perhaps the biggest game changer in PR since the internet,” said Zach Cutler, Co-Founder & CEO of Propel. “For the past year, PR thought leaders have been touting the benefits of incorporating AI into their workflows. Specifically, how genAI can assist in creating first drafts of pitches, press releases, and media lists to free up communicators’ time to strategize and focus on the core aspects of PR. Today, given the increased adoption of genAI by PR professionals, and after looking at the combined decrease in pitching volume and increase in response rates over this past quarter, it appears these talking points can be backed up by hard data. The benefits of this technology’s incorporation into the communications industry are clear, and it’s quickly becoming a part of the standard PR toolkit.”
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About Propel
Propel is the leader in Public Relations Management (PRM) technology and creator of Artificial Media Intelligence (AMI). Propel has over 500 customers, including Microsoft, Real Chemistry, M&C Saatchi, NPR, and other leading brands and agencies. Launched in 2019, Propel is headquartered in Tel Aviv and has teams based in New York, London and Miami. The company has raised $6 million in venture funding to date and is the fastest-growing PR technology in the world. For more information, visit www.propelmypr.com.
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