Overview
This article explains the most commonly used performance metrics in Meta
Ads Manager. Understanding these terms will help you analyze results,
optimize campaigns, and make informed decisions.
What is it?
Bid Strategy defines how Meta bids in the auction on your behalf based on your cost or ROAS (Return on Ad Spend) goals.
Available strategies:
β’ Lowest Cost β Maximize results within budget
β’ Cost Cap β Control average cost per result
β’ Bid Cap β Set a maximum bid per auction
β’ Target Cost (legacy) β Aim for a consistent cost per result
β’ Highest Value β Maximize total purchase value
β’ Minimum ROAS β Set a minimum return on your spend
When to use it:
Choose based on whether your priority is efficiency, volume, or return.
What is it?
The maximum amount you're willing to spend on your campaign or ad set.
Types of budgets:
β’ Daily Budget β Average spend per day
β’ Lifetime Budget β Total spend for the campaign duration
Tip:
Changing budgets during the campaign may reset the learning phase.
What is it?
Defines the conversion window Meta uses to credit your ads.
Common settings:
β’ 7-day click (default)
β’ 1-day click
β’ 1-day view
β’ 1-day engaged view
Why it matters:
It influences both how conversions are reported and how Meta optimizes delivery.
What is it?
The total number of outcomes your ad delivered based on the objective (e.g., purchases, leads).
Things to note:
β’ May be modeled or estimated due to privacy restrictions (e.g., iOS 14+)
β’ May differ from how you're billed
What is it?
The number of unique users who saw your ad at least once.
Why it's useful:
Shows the total audience exposed to your adβnot how many times it was shown (see: Impressions).
Influencing factors:
β’ Budget
β’ Bid strategy
β’ Audience targeting
What is it?
The number of times your ad appeared on screen.
How itβs counted:
β’ If the same person sees your ad twice in one day, thatβs 2 impressions
β’ Scroll away and back again = still 1 impression
β’ Invalid traffic (e.g., bots) is excluded
Note:
An impression is counted whether the ad is clicked or not.
What is it?
The average cost for each result based on your campaign objective.
Formula:
Amount Spent Γ· Number of Results
Use case:
Helps identify which campaigns are delivering results most efficiently.
What is it?
The total amount you've spent on your campaign or ad set during the selected time frame.
Includes:
β’ Invoiced charges
β’ Pending charges
β’ Approximations for active ads (may take 48 hrs to update)
What is it?
The average cost to show your ad 1,000 times.
Formula:
(Amount Spent Γ· Impressions) x 1,000
When to use it:
Ideal for comparing ad cost-efficiency in awareness campaigns.
What is it?
The number of clicks on links in your ad that lead to advertiser-defined destinations (on or off Meta).
Examples:
β’ Website URLs
β’ App stores
β’ Lead forms
β’ Phone calls, messages, or map links
Excludes:
Clicks in comments or unrelated parts of the post
What is it?
The average cost of each link click.
Formula:
Amount Spent Γ· Link Clicks
Why it matters:
Helps assess how much youβre paying to drive traffic to your destination.
What is it?
The percentage of impressions that resulted in a link click.
Formula:
(Link Clicks Γ· Impressions) x 100
Use:
A high CTR suggests that your ad is relevant and engaging.
Benchmark:
1%+ is considered a strong CTR in many industries.