diff --git a/packages/shared/src/components/FeedItemComponent.tsx b/packages/shared/src/components/FeedItemComponent.tsx
index 243de76c3df..3744e8733c1 100644
--- a/packages/shared/src/components/FeedItemComponent.tsx
+++ b/packages/shared/src/components/FeedItemComponent.tsx
@@ -268,7 +268,6 @@ function FeedItemComponent({
   onCommentClick,
   onReadArticleClick,
   virtualizedNumCards,
-  disableAdRefresh,
 }: FeedItemComponentProps): ReactElement | null {
   const { logEvent } = useLogContext();
   const queryClient = useQueryClient();
@@ -516,11 +515,6 @@ function FeedItemComponent({
           index={item.index}
           feedIndex={index}
           onLinkClick={(ad: Ad) => onAdAction(AdActions.Click, ad)}
-          onRefresh={
-            disableAdRefresh
-              ? undefined
-              : (ad: Ad) => onAdAction(AdActions.Refresh, ad)
-          }
         />
       );
     }
diff --git a/packages/shared/src/components/cards/ad/AdCard.spec.tsx b/packages/shared/src/components/cards/ad/AdCard.spec.tsx
index 5e1df160a2a..89dc6368ff4 100644
--- a/packages/shared/src/components/cards/ad/AdCard.spec.tsx
+++ b/packages/shared/src/components/cards/ad/AdCard.spec.tsx
@@ -2,6 +2,7 @@ import React from 'react';
 import type { RenderResult } from '@testing-library/react';
 import { render, screen, waitFor, within } from '@testing-library/react';
 import { QueryClient } from '@tanstack/react-query';
+import { GrowthBook } from '@growthbook/growthbook-react';
 import ad from '../../../../__tests__/fixture/ad';
 import { AdGrid } from './AdGrid';
 import { AdList } from './AdList';
@@ -9,9 +10,12 @@ import { SignalAdList } from './SignalAdList';
 import type { AdCardProps } from './common/common';
 import { TestBootProvider } from '../../../../__tests__/helpers/boot';
 import { ActiveFeedContext } from '../../../contexts';
+import { businessWebsiteUrl } from '../../../lib/constants';
 
 const defaultProps: AdCardProps = {
   ad,
+  index: 0,
+  feedIndex: 0,
   onLinkClick: jest.fn(),
 };
 
@@ -19,24 +23,14 @@ beforeEach(() => {
   jest.clearAllMocks();
 });
 
-const renderComponent = (props: Partial<AdCardProps> = {}): RenderResult => {
-  const client = new QueryClient();
-  return render(
-    <TestBootProvider client={client}>
-      <ActiveFeedContext.Provider value={{ queryKey: 'test' }}>
-        <AdGrid {...defaultProps} {...props} />
-      </ActiveFeedContext.Provider>
-    </TestBootProvider>,
-  );
-};
-
 const renderListComponent = (
   props: Partial<AdCardProps> = {},
+  gb = new GrowthBook(),
 ): RenderResult => {
   const client = new QueryClient();
   return render(
-    <TestBootProvider client={client}>
-      <ActiveFeedContext.Provider value={{ queryKey: 'test' }}>
+    <TestBootProvider client={client} gb={gb}>
+      <ActiveFeedContext.Provider value={{ items: [], queryKey: ['test'] }}>
         <AdList {...defaultProps} {...props} />
       </ActiveFeedContext.Provider>
     </TestBootProvider>,
@@ -45,22 +39,50 @@ const renderListComponent = (
 
 const renderSignalListComponent = (
   props: Partial<AdCardProps> = {},
+  gb = new GrowthBook(),
 ): RenderResult => {
   const client = new QueryClient();
   return render(
-    <TestBootProvider client={client}>
-      <ActiveFeedContext.Provider value={{ queryKey: 'test' }}>
+    <TestBootProvider client={client} gb={gb}>
+      <ActiveFeedContext.Provider value={{ items: [], queryKey: ['test'] }}>
         <SignalAdList {...defaultProps} {...props} />
       </ActiveFeedContext.Provider>
     </TestBootProvider>,
   );
 };
 
+const getGrowthBook = (isAdReferralCtaEnabled = false): GrowthBook => {
+  const gb = new GrowthBook();
+
+  gb.setFeatures({
+    ad_referral_cta: {
+      defaultValue: isAdReferralCtaEnabled,
+    },
+  });
+
+  return gb;
+};
+
 const getNormalizedText = (element?: Element | null): string =>
   element?.textContent?.replace(/\u200B/g, '').trim() ?? '';
 
+const renderGridComponent = (
+  props: Partial<AdCardProps> = {},
+  gb = new GrowthBook(),
+): RenderResult => {
+  const client = new QueryClient();
+
+  return render(
+    <TestBootProvider client={client} gb={gb}>
+      <ActiveFeedContext.Provider value={{ items: [], queryKey: ['test'] }}>
+        <AdGrid {...defaultProps} {...props} />
+      </ActiveFeedContext.Provider>
+    </TestBootProvider>,
+  );
+};
+
 it('should call on click on component left click', async () => {
-  renderComponent();
+  renderGridComponent();
   const el = await screen.findByTestId('adItem');
   const links = await within(el).findAllByRole('link');
   links[0].click();
@@ -68,7 +90,7 @@ it('should call on click on component left click', async () => {
 });
 
 it('should call on click on component middle mouse up', async () => {
-  renderComponent();
+  renderGridComponent();
   const el = await screen.findByTestId('adItem');
   const links = await within(el).findAllByRole('link');
   links[0].dispatchEvent(
@@ -78,7 +100,7 @@ it('should call on click on component middle mouse up', async () => {
 });
 
 it('should show a single image by default', async () => {
-  renderComponent();
+  renderGridComponent();
   const img = await screen.findByAltText('Ad image');
   const background = screen.queryByAltText('Ad image background');
   expect(img).toBeInTheDocument();
@@ -86,7 +108,7 @@ it('should show a single image by default', async () => {
 });
 
 it('should show blurred image for carbon', async () => {
-  renderComponent({ ad: { ...ad, source: 'Carbon' } });
+  renderGridComponent({ ad: { ...ad, source: 'Carbon' } });
   const img = await screen.findByAltText('Ad image');
   const background = screen.queryByAltText('Ad image background');
   expect(img).toHaveClass('absolute');
@@ -94,13 +116,30 @@ it('should show blurred image for carbon', async () => {
 });
 
 it('should show pixel images', async () => {
-  renderComponent({
+  renderGridComponent({
     ad: { ...ad, pixel: ['https://daily.dev/pixel'] },
   });
   const el = await screen.findByTestId('pixel');
   expect(el).toHaveAttribute('src', 'https://daily.dev/pixel');
 });
 
+it('should not render advertise link by default', () => {
+  renderGridComponent();
+
+  expect(
+    screen.queryByRole('link', { name: 'Advertise here' }),
+  ).not.toBeInTheDocument();
+});
+
+it('should render advertise link on grid ad when feature is enabled', () => {
+  renderGridComponent({}, getGrowthBook(true));
+
+  expect(screen.getByRole('link', { name: 'Advertise here' })).toHaveAttribute(
+    'href',
+    businessWebsiteUrl,
+  );
+});
+
 it('should render promoted attribution outside of list title clamp', async () => {
   const promotedMatcher = (_: string, element?: Element | null): boolean => {
     const text = getNormalizedText(element);
@@ -114,6 +153,15 @@ it('should render promoted attribution outside of list title clamp', async () =>
   expect(await screen.findByText(promotedMatcher)).toBeInTheDocument();
 });
 
+it('should render advertise link on list ad when feature is enabled', () => {
+  renderListComponent({}, getGrowthBook(true));
+
+  expect(screen.getByRole('link', { name: 'Advertise here' })).toHaveAttribute(
+    'href',
+    businessWebsiteUrl,
+  );
+});
+
 it('should render company logo and company name in signal ad header', async () => {
   const companyLogo = 'https://daily.dev/company-logo.png';
   const companyName = 'daily.dev';
@@ -126,3 +174,12 @@ it('should render company logo and company name in signal ad header', async () =
   expect(logo).toHaveAttribute('src', companyLogo);
   expect(screen.getByText(companyName)).toBeInTheDocument();
 });
+
+it('should render advertise link on signal list ad when feature is enabled', () => {
+  renderSignalListComponent({}, getGrowthBook(true));
+
+  expect(screen.getByRole('link', { name: 'Advertise here' })).toHaveAttribute(
+    'href',
+    businessWebsiteUrl,
+  );
+});
diff --git a/packages/shared/src/components/cards/ad/AdGrid.tsx b/packages/shared/src/components/cards/ad/AdGrid.tsx
index 9f6680b99c1..20ecab93450 100644
--- a/packages/shared/src/components/cards/ad/AdGrid.tsx
+++ b/packages/shared/src/components/cards/ad/AdGrid.tsx
@@ -1,4 +1,4 @@
-import type { ReactElement } from 'react';
+import type { ForwardedRef, ReactElement } from 'react';
 import React, { forwardRef, useCallback } from 'react';
 
 import {
@@ -18,31 +18,39 @@ import { RemoveAd } from './common/RemoveAd';
 import { usePlusSubscription } from '../../../hooks/usePlusSubscription';
 import type { InViewRef } from '../../../hooks/feed/useAutoRotatingAds';
 import { useAutoRotatingAds } from '../../../hooks/feed/useAutoRotatingAds';
-import { AdRefresh } from './common/AdRefresh';
 import { Button } from '../../buttons/Button';
 import { ButtonSize, ButtonVariant } from '../../buttons/common';
 import { AdFavicon } from './common/AdFavicon';
 import PostTags from '../common/PostTags';
 import { useFeature } from '../../GrowthBookProvider';
 import { adImprovementsV3Feature } from '../../../lib/featureManagement';
+import { TargetId } from '../../../lib/log';
+import { AdvertiseLink } from './common/AdvertiseLink';
 
-export const AdGrid = forwardRef(function AdGrid(
-  { ad, onLinkClick, onRefresh, domProps, index, feedIndex }: AdCardProps,
-  inViewRef: InViewRef,
+export const AdGrid = forwardRef<HTMLElement, AdCardProps>(function AdGrid(
+  { ad, onLinkClick, domProps, index, feedIndex }: AdCardProps,
+  forwardedRef: ForwardedRef<HTMLElement>,
 ): ReactElement {
   const { isPlus } = usePlusSubscription();
   const adImprovementsV3 = useFeature(adImprovementsV3Feature);
-  const { ref, refetch, isRefetching } = useAutoRotatingAds(
-    ad,
-    index,
-    feedIndex,
-    inViewRef,
-  );
+  const matchingTags = ad.matchingTags ?? [];
+  const inViewRef = useCallback<InViewRef>(
+    (node) => {
+      const nextNode = node as HTMLElement | null;
+
+      if (typeof forwardedRef === 'function') {
+        forwardedRef(nextNode);
+        return;
+      }
 
-  const onRefreshClick = useCallback(async () => {
-    onRefresh?.(ad);
-    await refetch();
-  }, [ad, onRefresh, refetch]);
+      if (forwardedRef) {
+        const forwardedRefObject = forwardedRef;
+        forwardedRefObject.current = nextNode;
+      }
+    },
+    [forwardedRef],
+  );
+  const { ref } = useAutoRotatingAds(ad, index, feedIndex, inViewRef);
 
   return (
     <Card {...domProps} data-testid="adItem" ref={ref}>
@@ -51,9 +59,9 @@ export const AdGrid = forwardRef(function AdGrid(
       <CardTextContainer className="flex-1">
         <CardTitle className="typo-title3">{ad.description}</CardTitle>
         <CardSpace />
-        {adImprovementsV3 && ad?.matchingTags?.length > 0 ? (
+        {adImprovementsV3 && matchingTags.length > 0 ? (
           <PostTags
-            post={{ tags: ad.matchingTags.slice(0, 6) }}
+            post={{ tags: matchingTags.slice(0, 6) }}
             className="!items-end"
           />
         ) : null}
@@ -62,33 +70,33 @@ export const AdGrid = forwardRef(function AdGrid(
       <AdImage className="mx-1 mb-0" ad={ad} ImageComponent={CardImage} />
       <CardTextContainer className="!mx-1 my-1">
         <div className="flex items-center">
-          {!!ad.callToAction && (
-            <Button
-              tag="a"
-              href={ad.link}
-              target="_blank"
-              rel="noopener"
-              variant={ButtonVariant.Primary}
-              size={ButtonSize.Small}
-              className="z-1"
-              {...combinedClicks(() => onLinkClick?.(ad))}
-            >
-              {ad.callToAction}
-            </Button>
-          )}
-          <div className="ml-auto flex items-center gap-2">
-            {!!onRefresh && (
-              <AdRefresh
-                variant={ButtonVariant.Tertiary}
+          <div className="flex items-center gap-2">
+            {!!ad.callToAction && (
+              <Button
+                tag="a"
+                href={ad.link}
+                target="_blank"
+                rel="noopener"
+                variant={ButtonVariant.Primary}
                 size={ButtonSize.Small}
-                onClick={onRefreshClick}
-                loading={isRefetching}
-              />
+                className="z-1 typo-footnote"
+                {...combinedClicks(() => onLinkClick?.(ad))}
+              >
+                {ad.callToAction}
+              </Button>
             )}
+            <AdvertiseLink
+              targetId={TargetId.AdCard}
+              buttonStyle
+              size={ButtonSize.Small}
+            />
+          </div>
+          <div className="ml-auto flex items-center gap-2">
             {!isPlus && (
               <RemoveAd
                 variant={ButtonVariant.Tertiary}
                 size={ButtonSize.Small}
+                className="!font-normal typo-footnote"
               />
             )}
           </div>
diff --git a/packages/shared/src/components/cards/ad/AdList.tsx b/packages/shared/src/components/cards/ad/AdList.tsx
index 88cb46fd672..7e0bc05add7 100644
--- a/packages/shared/src/components/cards/ad/AdList.tsx
+++ b/packages/shared/src/components/cards/ad/AdList.tsx
@@ -1,4 +1,4 @@
-import type { AnchorHTMLAttributes, ReactElement } from 'react';
+import type { AnchorHTMLAttributes, ForwardedRef, ReactElement } from 'react';
 import React, { forwardRef, useCallback } from 'react';
 import {
   CardContent,
@@ -17,7 +17,6 @@ import { RemoveAd } from './common/RemoveAd';
 import { usePlusSubscription } from '../../../hooks/usePlusSubscription';
 import type { InViewRef } from '../../../hooks/feed/useAutoRotatingAds';
 import { useAutoRotatingAds } from '../../../hooks/feed/useAutoRotatingAds';
-import { AdRefresh } from './common/AdRefresh';
 import { Button } from '../../buttons/Button';
 import { ButtonSize, ButtonVariant } from '../../buttons/common';
 import AdAttribution from './common/AdAttribution';
@@ -25,13 +24,15 @@ import { AdFavicon } from './common/AdFavicon';
 import PostTags from '../common/PostTags';
 import { useFeature } from '../../GrowthBookProvider';
 import { adImprovementsV3Feature } from '../../../lib/featureManagement';
+import { TargetId } from '../../../lib/log';
+import { AdvertiseLink } from './common/AdvertiseLink';
 
 const getLinkProps = ({
   ad,
   onLinkClick,
 }: {
   ad: Ad;
-  onLinkClick: (ad: Ad) => unknown;
+  onLinkClick?: (ad: Ad) => unknown;
 }): AnchorHTMLAttributes<HTMLAnchorElement> => {
   return {
     href: ad.link,
@@ -42,27 +43,34 @@ const getLinkProps = ({
   };
 };
 
-export const AdList = forwardRef(function AdCard(
-  { ad, onLinkClick, onRefresh, domProps, index, feedIndex }: AdCardProps,
-  inViewRef: InViewRef,
+export const AdList = forwardRef<HTMLElement, AdCardProps>(function AdCard(
+  { ad, onLinkClick, domProps, index, feedIndex }: AdCardProps,
+  forwardedRef: ForwardedRef<HTMLElement>,
 ): ReactElement {
   const { isPlus } = usePlusSubscription();
   const adImprovementsV3 = useFeature(adImprovementsV3Feature);
-  const { ref, refetch, isRefetching } = useAutoRotatingAds(
-    ad,
-    index,
-    feedIndex,
-    inViewRef,
-  );
+  const matchingTags = ad.matchingTags ?? [];
+  const inViewRef = useCallback<InViewRef>(
+    (node) => {
+      const nextNode = node as HTMLElement | null;
+
+      if (typeof forwardedRef === 'function') {
+        forwardedRef(nextNode);
+        return;
+      }
 
-  const onRefreshClick = useCallback(async () => {
-    onRefresh?.(ad);
-    await refetch();
-  }, [ad, onRefresh, refetch]);
+      if (forwardedRef) {
+        const forwardedRefObject = forwardedRef;
+        forwardedRefObject.current = nextNode;
+      }
+    },
+    [forwardedRef],
+  );
+  const { ref } = useAutoRotatingAds(ad, index, feedIndex, inViewRef);
 
   return (
     <FeedItemContainer
-      domProps={domProps}
+      domProps={domProps ?? {}}
       ref={ref}
       data-testid="adItem"
       linkProps={getLinkProps({ ad, onLinkClick })}
@@ -73,8 +81,8 @@ export const AdList = forwardRef(function AdCard(
             <AdFavicon ad={ad} className="mx-0 !mt-0 mb-2" />
             {ad.description}
           </CardTitle>
-          {adImprovementsV3 && ad?.matchingTags?.length > 0 ? (
-            <PostTags post={{ tags: ad.matchingTags.slice(0, 6) }} />
+          {adImprovementsV3 && matchingTags.length > 0 ? (
+            <PostTags post={{ tags: matchingTags.slice(0, 6) }} />
           ) : null}
           <AdAttribution
             ad={ad}
@@ -85,24 +93,35 @@ export const AdList = forwardRef(function AdCard(
       </CardContent>
 
       <div className="z-1 flex items-center pt-2">
-        {!!ad.callToAction && (
-          <Button
-            tag="a"
-            href={ad.link}
-            target="_blank"
-            rel="noopener"
-            variant={ButtonVariant.Primary}
+        <div className="flex items-center gap-2">
+          {!!ad.callToAction && (
+            <Button
+              tag="a"
+              href={ad.link}
+              target="_blank"
+              rel="noopener"
+              variant={ButtonVariant.Primary}
+              size={ButtonSize.Small}
+              className="typo-footnote"
+              {...combinedClicks(() => onLinkClick?.(ad))}
+            >
+              {ad.callToAction}
+            </Button>
+          )}
+          <AdvertiseLink
+            targetId={TargetId.AdCard}
+            buttonStyle
             size={ButtonSize.Small}
-            {...combinedClicks(() => onLinkClick?.(ad))}
-          >
-            {ad.callToAction}
-          </Button>
-        )}
-        <div className="ml-auto flex items-center gap-2">
-          {!!onRefresh && (
-            <AdRefresh onClick={onRefreshClick} loading={isRefetching} />
+          />
+        </div>
+        <div className="ml-auto">
+          {!isPlus && (
+            <RemoveAd
+              variant={ButtonVariant.Tertiary}
+              size={ButtonSize.Small}
+              className="!font-normal typo-footnote"
+            />
           )}
-          {!isPlus && <RemoveAd />}
         </div>
       </div>
       <AdPixel pixel={ad.pixel} />
diff --git a/packages/shared/src/components/cards/ad/SignalAdList.tsx b/packages/shared/src/components/cards/ad/SignalAdList.tsx
index 5aa81d4f517..a4d927fce67 100644
--- a/packages/shared/src/components/cards/ad/SignalAdList.tsx
+++ b/packages/shared/src/components/cards/ad/SignalAdList.tsx
@@ -1,5 +1,5 @@
-import type { AnchorHTMLAttributes, ReactElement } from 'react';
-import React, { forwardRef } from 'react';
+import type { AnchorHTMLAttributes, ForwardedRef, ReactElement } from 'react';
+import React, { forwardRef, useCallback } from 'react';
 import classNames from 'classnames';
 import type { Ad } from '../../../graphql/posts';
 import { combinedClicks } from '../../../lib/click';
@@ -11,7 +11,10 @@ import FeedItemContainer from '../common/list/FeedItemContainer';
 import { ProfileImageSize } from '../../ProfilePicture';
 import AdAttribution from './common/AdAttribution';
 import { useFeature } from '../../GrowthBookProvider';
-import { adImprovementsV3Feature } from '../../../lib/featureManagement';
+import {
+  adImprovementsV3Feature,
+  featureAdReferralCta,
+} from '../../../lib/featureManagement';
 import PostTags from '../common/PostTags';
 import { Button } from '../../buttons/Button';
 import { ButtonSize, ButtonVariant } from '../../buttons/common';
@@ -20,13 +23,15 @@ import { AdPixel } from './common/AdPixel';
 import { SourceAvatar } from '../../profile/source/SourceAvatar';
 import { MiniCloseIcon } from '../../icons';
 import { getAdFaviconImageLink } from './common/getAdFaviconImageLink';
+import { AdvertiseLink } from './common/AdvertiseLink';
+import { TargetId } from '../../../lib/log';
 
 const getLinkProps = ({
   ad,
   onLinkClick,
 }: {
   ad: Ad;
-  onLinkClick: (ad: Ad) => unknown;
+  onLinkClick?: (ad: Ad) => unknown;
 }): AnchorHTMLAttributes<HTMLAnchorElement> => {
   return {
     href: ad.link,
@@ -37,86 +42,113 @@ const getLinkProps = ({
   };
 };
 
-export const SignalAdList = forwardRef(function SignalAdList(
-  { ad, onLinkClick, domProps, index, feedIndex }: AdCardProps,
-  inViewRef: InViewRef,
-): ReactElement {
-  const { isPlus } = usePlusSubscription();
-  const adImprovementsV3 = useFeature(adImprovementsV3Feature);
-  const { ref } = useAutoRotatingAds(ad, index, feedIndex, inViewRef);
+export const SignalAdList = forwardRef<HTMLElement, AdCardProps>(
+  function SignalAdList(
+    { ad, onLinkClick, domProps, index, feedIndex }: AdCardProps,
+    forwardedRef: ForwardedRef<HTMLElement>,
+  ): ReactElement {
+    const { isPlus } = usePlusSubscription();
+    const adImprovementsV3 = Boolean(useFeature(adImprovementsV3Feature));
+    const isAdReferralCtaEnabled = useFeature(featureAdReferralCta);
+    const matchingTags = ad.matchingTags ?? [];
+    const inViewRef = useCallback<InViewRef>(
+      (node) => {
+        const nextNode = node as HTMLElement | null;
 
-  const sourceName = ad.company?.trim() || ad.source?.trim() || 'Promoted';
-  const sourceImage = getAdFaviconImageLink({
-    ad,
-    adImprovementsV3,
-    size: 20,
-  });
-  const sourceHandle = ad.company?.trim() || ad.source?.trim() || 'promoted';
+        if (typeof forwardedRef === 'function') {
+          forwardedRef(nextNode);
+          return;
+        }
 
-  return (
-    <FeedItemContainer
-      domProps={{
-        ...domProps,
-        className: classNames(
-          '!rounded-none !border-x-0 !px-0 !py-0 first:!border-t-0',
-          domProps?.className,
-        ),
-      }}
-      ref={ref}
-      data-testid="adItem"
-      linkProps={getLinkProps({ ad, onLinkClick })}
-    >
-      <div className="flex flex-col gap-1 px-4 pb-6 pt-3 text-left">
-        <div className="my-1.5 flex items-center gap-1 text-text-quaternary typo-callout">
-          <span className="flex items-center gap-1">
-            <SourceAvatar
-              source={{ image: sourceImage, handle: sourceHandle }}
-              size={ProfileImageSize.XSmall}
-              className="!mr-1 shrink-0"
-            />
-            <span className="font-bold">{sourceName}</span>
-          </span>
-          <span>&middot;</span>
-          <AdAttribution
-            ad={ad}
-            className={{
-              typo: 'typo-callout',
-              main: 'inline',
-            }}
-          />
-          {!isPlus && (
-            <RemoveAd
-              iconOnly
-              variant={ButtonVariant.Tertiary}
-              size={ButtonSize.Small}
-              icon={<MiniCloseIcon />}
-              className="relative z-1"
+        if (forwardedRef) {
+          const forwardedRefObject = forwardedRef;
+          forwardedRefObject.current = nextNode;
+        }
+      },
+      [forwardedRef],
+    );
+    const { ref } = useAutoRotatingAds(ad, index, feedIndex, inViewRef);
+
+    const sourceName = ad.company?.trim() || ad.source?.trim() || 'Promoted';
+    const sourceImage = getAdFaviconImageLink({
+      ad,
+      adImprovementsV3,
+      size: 20,
+    });
+    const sourceHandle = ad.company?.trim() || ad.source?.trim() || 'promoted';
+
+    return (
+      <FeedItemContainer
+        domProps={{
+          ...domProps,
+          className: classNames(
+            '!rounded-none !border-x-0 !px-0 !py-0 first:!border-t-0',
+            domProps?.className,
+          ),
+        }}
+        ref={ref}
+        data-testid="adItem"
+        linkProps={getLinkProps({ ad, onLinkClick })}
+      >
+        <div className="flex flex-col gap-1 px-4 pb-6 pt-3 text-left">
+          <div className="my-1.5 flex items-center gap-1 text-text-quaternary typo-callout">
+            <span className="flex items-center gap-1">
+              <SourceAvatar
+                source={{ image: sourceImage, handle: sourceHandle }}
+                size={ProfileImageSize.XSmall}
+                className="!mr-1 shrink-0"
+              />
+              <span className="font-bold">{sourceName}</span>
+            </span>
+            <span>&middot;</span>
+            <AdAttribution
+              ad={ad}
+              className={{
+                typo: 'typo-callout',
+                main: 'inline',
+              }}
             />
+            {!isPlus && (
+              <RemoveAd
+                iconOnly
+                variant={ButtonVariant.Tertiary}
+                size={ButtonSize.Small}
+                icon={<MiniCloseIcon />}
+                className="relative z-1"
+              />
+            )}
+          </div>
+          <p className="font-bold text-text-primary typo-callout">
+            {ad.description}
+          </p>
+          {adImprovementsV3 && matchingTags.length > 0 ? (
+            <PostTags post={{ tags: matchingTags.slice(0, 6) }} />
+          ) : null}
+          {(!!ad.callToAction || isAdReferralCtaEnabled) && (
+            <div className="relative z-1 mt-2 flex items-center gap-2">
+              {!!ad.callToAction && (
+                <Button
+                  tag="a"
+                  href={ad.link}
+                  target="_blank"
+                  rel="noopener"
+                  variant={ButtonVariant.Primary}
+                  size={ButtonSize.Small}
+                  {...combinedClicks(() => onLinkClick?.(ad))}
+                >
+                  {ad.callToAction}
+                </Button>
+              )}
+              <AdvertiseLink
+                targetId={TargetId.AdCard}
+                buttonStyle
+                size={ButtonSize.Small}
+              />
+            </div>
           )}
         </div>
-        <p className="font-bold text-text-primary typo-callout">
-          {ad.description}
-        </p>
-        {adImprovementsV3 && ad?.matchingTags?.length > 0 ? (
-          <PostTags post={{ tags: ad.matchingTags.slice(0, 6) }} />
-        ) : null}
-        {!!ad.callToAction && (
-          <div className="relative z-1 mt-2 flex items-center">
-            <Button
-              tag="a"
-              href={ad.link}
-              target="_blank"
-              rel="noopener"
-              variant={ButtonVariant.Primary}
-              size={ButtonSize.Small}
-              {...combinedClicks(() => onLinkClick?.(ad))}
-            >
-              {ad.callToAction}
-            </Button>
-          </div>
-        )}
-      </div>
-      <AdPixel pixel={ad.pixel} />
-    </FeedItemContainer>
-  );
-});
+        <AdPixel pixel={ad.pixel} />
+      </FeedItemContainer>
+    );
+  },
+);
diff --git a/packages/shared/src/components/cards/ad/common/AdvertiseLink.tsx b/packages/shared/src/components/cards/ad/common/AdvertiseLink.tsx
new file mode 100644
index 00000000000..2fc9862aac0
--- /dev/null
+++ b/packages/shared/src/components/cards/ad/common/AdvertiseLink.tsx
@@ -0,0 +1,87 @@
+import type { ReactElement } from 'react';
+import React, { useEffect } from 'react';
+import classNames from 'classnames';
+import { Button, ButtonSize, ButtonVariant } from '../../../buttons/Button';
+import { useFeature } from '../../../GrowthBookProvider';
+import { useLogContext } from '../../../../contexts/LogContext';
+import { combinedClicks } from '../../../../lib/click';
+import { featureAdReferralCta } from '../../../../lib/featureManagement';
+import { businessWebsiteUrl } from '../../../../lib/constants';
+import type { TargetId } from '../../../../lib/log';
+import { LogEvent, TargetType } from '../../../../lib/log';
+import { anchorDefaultRel } from '../../../../lib/strings';
+
+type AdvertiseLinkProps = {
+  targetId: TargetId;
+  className?: string;
+  buttonStyle?: boolean;
+  size?: ButtonSize;
+};
+
+export const AdvertiseLink = ({
+  targetId,
+  className,
+  buttonStyle = false,
+  size = ButtonSize.Medium,
+}: AdvertiseLinkProps): ReactElement | null => {
+  const isEnabled = useFeature(featureAdReferralCta);
+  const { logEvent } = useLogContext();
+
+  useEffect(() => {
+    if (!isEnabled) {
+      return;
+    }
+
+    logEvent({
+      event_name: LogEvent.Impression,
+      target_type: TargetType.AdvertiseHereCta,
+      target_id: targetId,
+    });
+  }, [isEnabled, logEvent, targetId]);
+
+  const onClick = () =>
+    logEvent({
+      event_name: LogEvent.Click,
+      target_type: TargetType.AdvertiseHereCta,
+      target_id: targetId,
+    });
+
+  if (!isEnabled) {
+    return null;
+  }
+
+  if (buttonStyle) {
+    return (
+      <Button
+        tag="a"
+        href={businessWebsiteUrl}
+        target="_blank"
+        rel={anchorDefaultRel}
+        variant={ButtonVariant.Float}
+        size={size}
+        className={classNames(
+          'whitespace-nowrap !border-transparent !bg-transparent !font-normal typo-footnote hover:!bg-surface-hover focus:!bg-surface-hover',
+          className,
+        )}
+        onClick={onClick}
+      >
+        Advertise here
+      </Button>
+    );
+  }
+
+  return (
+    <a
+      href={businessWebsiteUrl}
+      target="_blank"
+      rel={anchorDefaultRel}
+      className={classNames(
+        'whitespace-nowrap text-text-quaternary no-underline typo-footnote',
+        className,
+      )}
+      {...combinedClicks(onClick)}
+    >
+      Advertise here
+    </a>
+  );
+};
diff --git a/packages/shared/src/components/cards/ad/common/RemoveAd.tsx b/packages/shared/src/components/cards/ad/common/RemoveAd.tsx
index a6b8aad01a4..ff7eb68af9e 100644
--- a/packages/shared/src/components/cards/ad/common/RemoveAd.tsx
+++ b/packages/shared/src/components/cards/ad/common/RemoveAd.tsx
@@ -38,7 +38,7 @@ export const RemoveAd = ({
         }}
         {...props}
       >
-        {!iconOnly ? 'Remove' : undefined}
+        {!iconOnly ? 'Go ad-free' : undefined}
       </Button>
     </Link>
   );
diff --git a/packages/shared/src/components/cards/ad/common/common.tsx b/packages/shared/src/components/cards/ad/common/common.tsx
index 59b350e986d..2b56f91c8e6 100644
--- a/packages/shared/src/components/cards/ad/common/common.tsx
+++ b/packages/shared/src/components/cards/ad/common/common.tsx
@@ -7,6 +7,5 @@ export interface AdCardProps {
   index: number;
   feedIndex: number;
   onLinkClick?: Callback;
-  onRefresh?: Callback;
   domProps?: HTMLAttributes<HTMLDivElement>;
 }
diff --git a/packages/shared/src/components/comments/AdAsComment.tsx b/packages/shared/src/components/comments/AdAsComment.tsx
index 4ecae5b0c91..3afefc231b5 100644
--- a/packages/shared/src/components/comments/AdAsComment.tsx
+++ b/packages/shared/src/components/comments/AdAsComment.tsx
@@ -19,11 +19,15 @@ import { MiniCloseIcon } from '../icons';
 import { useAdQuery } from '../../features/monetization/useAdQuery';
 import { ImpressionStatus } from '../../hooks/feed/useLogImpression';
 import { useScrambler } from '../../hooks/useScrambler';
+import { TargetId } from '../../lib/log';
+import { AdvertiseLink } from '../cards/ad/common/AdvertiseLink';
 
 interface AdAsCommentProps {
   postId: string;
 }
-export const AdAsComment = ({ postId }: AdAsCommentProps): ReactElement => {
+export const AdAsComment = ({
+  postId,
+}: AdAsCommentProps): ReactElement | null => {
   const { logEvent } = useLogContext();
   const { user } = useAuthContext();
   const { isPlus } = usePlusSubscription();
@@ -41,6 +45,10 @@ export const AdAsComment = ({ postId }: AdAsCommentProps): ReactElement => {
 
   const onAdAction = useCallback(
     (action: AdActions) => {
+      if (!ad) {
+        return;
+      }
+
       logEvent(
         adLogEvent(action, ad, {
           extra: {
@@ -52,7 +60,9 @@ export const AdAsComment = ({ postId }: AdAsCommentProps): ReactElement => {
     [logEvent, ad],
   );
 
-  const promotedText = useScrambler(!ad ? null : `Promoted by ${ad.source}`);
+  const promotedText = useScrambler(
+    ad ? `Promoted by ${ad.source}` : undefined,
+  );
 
   const onRefreshClick = useCallback(async () => {
     onAdAction(AdActions.Refresh);
@@ -117,6 +127,10 @@ export const AdAsComment = ({ postId }: AdAsCommentProps): ReactElement => {
         <br />
         {description}
       </p>
+      <AdvertiseLink
+        targetId={TargetId.AdComment}
+        className="mt-2 w-fit whitespace-nowrap typo-caption2"
+      />
       <AdPixel pixel={pixel} />
     </div>
   );
diff --git a/packages/shared/src/components/post/PostSidebarAdWidget.tsx b/packages/shared/src/components/post/PostSidebarAdWidget.tsx
index 5585c0a6e51..5e442100b06 100644
--- a/packages/shared/src/components/post/PostSidebarAdWidget.tsx
+++ b/packages/shared/src/components/post/PostSidebarAdWidget.tsx
@@ -1,5 +1,6 @@
 import type { ReactElement } from 'react';
 import React, { useCallback, useEffect } from 'react';
+import classNames from 'classnames';
 import { Button, ButtonSize, ButtonVariant } from '../buttons/Button';
 import EntityCard from '../cards/entity/EntityCard';
 import EntityCardSkeleton from '../cards/entity/EntityCardSkeleton';
@@ -16,12 +17,15 @@ import { AdActions, AdPlacement } from '../../lib/ads';
 import { adLogEvent } from '../../lib/feed';
 import { adImprovementsV3Feature } from '../../lib/featureManagement';
 import { generateQueryKey, RequestKey, StaleTime } from '../../lib/query';
+import { TargetId } from '../../lib/log';
+import { combinedClicks } from '../../lib/click';
 import {
   Typography,
   TypographyColor,
   TypographyTag,
   TypographyType,
 } from '../typography/Typography';
+import { AdvertiseLink } from '../cards/ad/common/AdvertiseLink';
 
 interface PostSidebarAdWidgetProps {
   postId: string;
@@ -37,7 +41,7 @@ export function PostSidebarAdWidget({
   const { user } = useAuthContext();
   const { isPlus } = usePlusSubscription();
   const { logEvent } = useLogContext();
-  const adImprovementsV3 = useFeature(adImprovementsV3Feature);
+  const adImprovementsV3 = Boolean(useFeature(adImprovementsV3Feature));
 
   const { data: ad, isPending } = useAdQuery({
     placement: AdPlacement.PostSidebar,
@@ -96,7 +100,7 @@ export function PostSidebarAdWidget({
       permalink={ad.link}
       entityName={ad.source}
       className={{
-        container: className?.container,
+        container: classNames('relative cursor-pointer', className?.container),
         image: 'size-10 rounded-full',
       }}
       actionButtons={
@@ -107,12 +111,21 @@ export function PostSidebarAdWidget({
           rel="noopener"
           variant={ButtonVariant.Primary}
           size={ButtonSize.Small}
+          className="relative z-1"
           onClick={() => onAdAction(AdActions.Click)}
         >
           Visit
         </Button>
       }
     >
+      <a
+        href={ad.link}
+        target="_blank"
+        rel="noopener"
+        title={ad.description}
+        className="absolute inset-0 z-0"
+        {...combinedClicks(() => onAdAction(AdActions.Click))}
+      />
       <div className="mt-3 flex w-full flex-col gap-2">
         {company && (
           <Typography
@@ -124,7 +137,7 @@ export function PostSidebarAdWidget({
             {company}
           </Typography>
         )}
-        <AdAttribution ad={ad} />
+        <AdAttribution ad={ad} className={{ main: 'relative z-1' }} />
         {hasDescription && (
           <Typography
             tag={TypographyTag.P}
@@ -137,6 +150,10 @@ export function PostSidebarAdWidget({
             {ad.description}
           </Typography>
         )}
+        <AdvertiseLink
+          targetId={TargetId.AdSidebar}
+          className="relative z-1 ml-auto whitespace-nowrap hover:underline"
+        />
       </div>
       <AdPixel pixel={ad.pixel} />
     </EntityCard>
diff --git a/packages/shared/src/lib/featureManagement.ts b/packages/shared/src/lib/featureManagement.ts
index e3a53c8e85f..92a4dc83f5a 100644
--- a/packages/shared/src/lib/featureManagement.ts
+++ b/packages/shared/src/lib/featureManagement.ts
@@ -51,6 +51,7 @@ export const featurePlusCtaCopy = new Feature('plus_cta_copy', {
 });
 
 export const featureAutorotateAds = new Feature('autorotate_ads', 0);
+export const featureAdReferralCta = new Feature('ad_referral_cta', false);
 
 export const featureFeedAdTemplate = new Feature('feed_ad_template', {
   default: {
diff --git a/packages/shared/src/lib/log.ts b/packages/shared/src/lib/log.ts
index d5be9bc4700..c6c285cd98b 100644
--- a/packages/shared/src/lib/log.ts
+++ b/packages/shared/src/lib/log.ts
@@ -466,6 +466,7 @@ export enum TargetType {
   AchievementCard = 'achievement card',
   BriefCard = 'brief card',
   HighlightsCard = 'highlights card',
+  AdvertiseHereCta = 'advertise here cta',
 }
 
 export enum TargetId {
@@ -491,6 +492,9 @@ export enum TargetId {
   Header = 'header',
   ProfileDropdown = 'profile dropdown',
   Ads = 'ads',
+  AdCard = 'ad card',
+  AdSidebar = 'ad sidebar',
+  AdComment = 'ad comment',
   MyProfile = 'my profile',
   PlusBadge = 'plus badge',
   PlusPage = 'plus page',