It might be the most hectic time of the year, but you wouldn’t know it looking at Meta’s data…
Jon Loomer pointed out that Facebook Ads costs per 1000 impressions (CPM) were 30% to 60% below last year’s CPMs throughout the last three months.
An unusual decline: Historically, Q4 is when Facebook sees its CPMs double, triple, or more.
This year, however, numbers show a clear sign of slower spend. And last year, average CPMs were also on a lower-than-usual scale.
Seems to correlate with the declining ad revenue Meta reported in Q3…
Why we care: If true, these lower costs are your opportunity to snag cheap clicks and get more bang for your buck during a time when most of your audience is eager to spend.
Still, take this with a pinch of salt. Jon used Within Marketing Pulse’s data to compile the report, which provides data from clients with spends as high as $500M.
While the sample might be decent, we may have to wait for Meta’s official Q4 report to get a clearer picture.
Still, Jon may not be far from the truth, if we’re going by signals like this next one…
Alex Lim
Alex Lim is a certified book reviewer and editor with over 10 years of experience in the publishing industry. He has reviewed hundreds of books for reputable magazines and websites, such as The New York Times, The Guardian, and Goodreads. Alex has a master’s degree in comparative literature from Harvard University and a PhD in literary criticism from Oxford University. He is also the author of several acclaimed books on literary theory and analysis, such as The Art of Reading and How to Write a Book Review. Alex lives in London, England with his wife and two children. You can contact him at [email protected] or follow him on Website | Twitter | Facebook
