Ethos

Unlocking efficient reach at scale

MEDIA

Ethos, a leading life insurance technology company, needed to rapidly scale their TV investment ahead of a Q1 2026 IPO without compromising financial efficiency.  In order to successfully scale the business, we needed to maximize profitability within the core media and identify areas in which we could efficiently find net new audiences at scale.

Core media consisted of a layer of low and mid-tier national cable networks like Fox News, CNN, ESPN, and AMC.  The challenge that we needed to tackle was diversifying the media mix by expanding into upper tier reach media and tentpole events like the NFL and CFB and unlocking CTV platforms and content like Disney, live sporting events (Boxing, UFC), and targeted demos.  All with an eye towards driving an efficient and profitable ROAS.

  • Strategy
  • Connected TV/Streaming
  • Linear TV

Results
overview

0%

YOY Q1 revenue growth

0%

YOY Q1 direct channel revenue growth

0%

Surge in spend

solutions

A media strategy that could scale and perform

Rain introduced a more flexible and predictive way to scale TV to hit Ethos target KPIs. A blended linear and CTV scorecard was developed to identify areas for expansion that could scale and meet revenue and lead goals. The scorecard took into consideration CPMs, historical performance, and audience reach and index data. For sports specifically, we created scorecards down to the game and placement level (first vs. second half of football games) and layered on betting lines to give us insight into how close the games might be from a viewership standpoint.

In addition to scorecards, we developed sophisticated proforma models to understand how each new layer of media (net new reach in linear, tentpole events, and CTV) would impact the business and the overall ROAS. As we looked to expand into larger live sporting events like the NFL and CFB, the models were built down to the program or sporting event level to provide insights into how each program would impact the overall revenue. The proforma assisted in our negotiations with stations/platforms and ultimately determined our buying strategy for each property from buying in the remnant market to scatter or in the upfront. We determined that leveraging various media buying tactics would provide the client with the most maximized ROAS.

Measurement and daily visibility into results was also key to our success. By leveraging various tools/signals like surveys, spike algorithms, and iSpot, we were able to make rapid optimization decisions and expedite testing.  This allowed us to minimize risk and waste on the client’s behalf.

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Rain introduced a three-layer growth framework to balance efficiency and expansion:
Level 1: Pure Efficiency Core

  • Lowest CPM inventory
  • Proven ROAS-positive placements

Level 2: Reach Expansion

  • Program-level testing
  • New partners and tactics
  • Leveraging guaranteed media for high profile inventory

Level 3: Brand Elevation

  • Premium integrations
  • Integrated strategic partnerships (linear+CTV) that included social amplification

Key to the media plan was access to premium media at highly efficient rates. Anchored by high-impact live sports, media was activated across upfront, scatter and remnant marketplaces and guaranteed buys.

Strategic thinking +
projected risk = growth

By leveraging firesales and distressed media to prove the value and efficiency of upper tier and lives sports, Ethos was able to increase their investment to rapidly drive growth year over year. Ethos reported a 3-year streak of over 50% growth ahead of their IPO and spend with Rain surged 102% during this time, largely driven by live sports which were unlocked through NFL, CFB, & MLB. The outcome of this initiative was that Ethos saw the largest traffic events in company history with converged TV budgets increasing 10x YoY​.

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