Paid Advertising

vCPM — Viewable Cost Per Mille

The cost per 1,000 ad impressions that were actually seen by a user (viewable impressions).

Definition

Viewable Cost Per Mille (vCPM) is a pricing model that only counts impressions where the ad was actually in view on the user's screen. The MRC (Media Rating Council) standard defines a display ad as viewable when at least 50% of its pixels are visible on screen for at least one continuous second (two seconds for video). Because a significant portion of served impressions are never seen (due to below-the-fold placement, ad stacking, or quick scrolling), vCPM provides a more accurate measure of actual ad exposure than standard CPM.

Formula

vCPM = (Total Spend ÷ Viewable Impressions) × 1,000

Same as CPM but using only viewable impressions in the denominator.

Example

You spend $400 on a campaign delivering 500,000 total impressions, of which 300,000 are viewable. Your vCPM = ($400 ÷ 300,000) × 1,000 = $1.33.

Key Points

  • vCPM campaigns guarantee you're only paying for ads that were actually seen
  • Industry average viewability rate is approximately 50–60% for display ads
  • vCPM CPMs are higher than standard CPM because the inventory is more valuable
  • Google Display Network supports vCPM (Target vCPM) bidding

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