Facebook Ad Metrics are Changing

Facebook Ad Metrics are finally getting simpler.

Facebook is rolling out new metrics and removing a litany of redundant and useless metrics from the Ads Manager.
The Facebook Ads Manager is messy. 
Too many metrics makes reading ad data a pain.
Thankfully, Facebook’s been listening. Facebook is removing redundant metrics, and adding metrics to help businesses and brands succeed.
You will notice that some of these metrics are labeled as “estimated’ or in “development” in the ads manager.
Facebook is adding the label “estimated” to be more transparent about their reporting methodology. Facebook measures ad performance by scaling samples in order to provide real-time results. When this method is used, Facebook will label the metric as estimated. Labels that are still in BETA will be labeled very obviously as “development,” indicating that they may change throughout this stage.
A great example is the new “Ad Recall Lift” metric Facebook is rolling out. Since this metric works by polling a sample of the advertising audience, it is labeled as estimated. Given that it’s a new metric in BETA, it will also be labeled  development.

Over 20 Ad Metrics on the Chopping Block!
Bam, big changes are coming. 

Facebook Ad Metrics on the chopping blog

The Redundant and Repetitive Ad Metrics 

Actions, people taking actions, cost per action. Actions as a metric is a sum of various actions users have taken on your ad. Since there are many different possible actions a user can take, this metric is not granular enough to derive business results.
Amount Spent Today
This is a redundant metric. If you want to see the amount your ads spent today, simply adjust the date range to today and use the Amount Spent metric.
Button Clicks
This is another redundant metric. Link Clicks, Event responses, and saved for later are all metrics tracked for your ads.
Carousel Card
This metric provided clicks and conversions for Carousel ads. Its redundant – you can already get clicks and conversions data from the ads manager.
Mobile App Actions Conversion Value
This is another redundant metric. You can use Mobile App Purchases Conversion Value instead.
Positive & Negative Feedback
Positive and Negative feedback as metric outputs are not insightful on their own. These signals are used as inputs for the Relevance Score metric which paints a clearer picture for understanding how well an audience is responding to ads.

The Useless Ad Metrics

Canvas Component Time Percentage
Who even uses this? …Exactly why this metric is a goner. Use the other Canvas metrics for view times.
Page Mentions, Cost per Page Mention
This is an outdated metric for your brand. Page mentions can’t tell if you’re receiving positive or negative feedback. If you care about following, use the page likes or page engagement metrics instead.
Social Reach, Impressions, Clicks, Unique Clicks
A social ad is supplemented with copy that’s familiar to all of us “3 friends liked this page.” However, advertisers don’t have control over when this sort of social ad is delivered. Since these metrics are not actionable for advertisers, Facebook is doing away with them. Instead, leverage traditional reach, impressions, and clicks for ad performance.
Page Tab Views, Cost per Page Tab View
This metric tells you how many views your Facebook page tabs received as a result of an ad. This metric is relatively useless. Page likes and page engagement are better indicators for Facebook page success.
Link Click Destination
This metric was built to help advertisers understand which clicks lead people off Facebook through an app’s deep link or to an app store or other backup link destinations. Due to new mobile operating system updates, this metric is being revisited. In the meantime, advertisers can use outbound links as a metric.

The New Kids

There’s probably many more new metrics that are in development and on their way to our ad manager accounts. Two metrics that already existed on the Ads Manager but are still in development are:
Store Visits
This is an interesting metric for physical retail and office locations. You can run Facebook ads that are built to drive store visits using a store locator.
Ad Recall Lift
This will be one of Facebook’s most powerful metrics if its rolled out right. This gives brands the ability to measure the recall-performance of their ads.
We’ll keep you posted as more metrics come out.
Get the rest of your marketing friends up to speed by sharing this article with them :mrgreen: 

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