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The Madison Avenue Field GuideA field guide to marketing & advertising, by Brandon Mina

GlossaryAdtech & ProgrammaticViewable CPM (vCPM)

Adtech & Programmatic

Viewable CPM (vCPM)

A pricing model or metric based on cost per thousand viewable impressions rather than all served impressions.

By Brandon MinaCEO, BrandPilot AIUpdated November 2026

Appears in Lesson 8 of Programmatic 101

Short answer

Viewable CPM (vCPM) is a pricing model or metric based on the cost per thousand viewable impressions rather than all served impressions. Advertisers pay only for ads that meet viewability standards, such as the Media Rating Council definition. It shifts value toward inventory with real exposure and helps compare placements of differing quality.