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Adtech lessons

Ep 2: Waterfall vs header bidding

1:00 · November 11, 2026

Why would the order you ask buyers in change what you earn?

Lesson notes

Why would the order you ask buyers in change what you earn?

A waterfall offers your impression to partners one at a time, in a fixed order.

Say news.example ranks three partners by past average. A, then B, then C. A gets first offer at a two dollar floor. Today A will pay two ten, so A takes it, and the waterfall stops. But C would have paid three dollars. C was never asked. And every time a partner passes, the next call adds load time. Header bidding asks all three at the same moment, before your ad server decides. A bids two ten, B one sixty, C three dollars. C wins. Same impression, ninety cents more CPM.

Check your ad server today. If partners sit in a ranked list with fixed prices, that’s a waterfall.

Next, supply path, count your hops.

Go deeper · 5 min readUnderstanding Waterfall Advertising: A Step-by-Step Guide

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