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Whether you’re launching your first ad campaign or optimizing a six-figure monthly budget, this section covers the metrics, strategies, and platform features you’ll encounter daily. Each entry includes a clear definition, the formula (where applicable), industry benchmarks, common mistakes, and how AdAdvisor helps you track and improve it.

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TermDescriptionCategory
ROASRevenue earned per dollar of ad spendCore Ad Metrics
CPACost to acquire one customer or purchaseCore Ad Metrics
CPLCost to generate one leadCore Ad Metrics
AOVAverage revenue per orderCore Ad Metrics
CPMCost per 1,000 ad impressionsCore Ad Metrics
CTRPercentage of viewers who click your adCore Ad Metrics
CPCCost for each click on your adCore Ad Metrics
ImpressionsTotal number of times your ad was displayedCore Ad Metrics
ReachNumber of unique people who saw your adCore Ad Metrics
FrequencyAverage times each person saw your adCore Ad Metrics
ConversionsCompleted actions (purchases, signups, leads) from your adsCore Ad Metrics
Break-Even ROASThe minimum ROAS needed to cover your costsProfitability
LTVTotal revenue a customer generates over their lifetimeProfitability
CACTotal cost to acquire one new customerProfitability
Profit MarginPercentage of revenue that’s actual profitProfitability
Blended ROASROAS across all marketing channels combinedProfitability
MERTotal revenue divided by total marketing spendProfitability
Campaign StructureHow campaigns, ad sets, and ads are organizedStrategy
Ad SetsGroups within a campaign that control targeting and budgetStrategy
Ad CreativeThe images, videos, copy, and CTAs in your adsStrategy
CBOCampaign Budget Optimization, Meta’s auto budget allocationStrategy
A/B TestingRunning controlled experiments to find what worksStrategy
Scaling AdsIncreasing budget while maintaining performanceStrategy
Ad FatiguePerformance decline from overexposing the same adStrategy
Custom AudiencesAudiences built from your own customer dataTargeting
Lookalike AudiencesNew audiences that resemble your best customersTargeting
RetargetingRe-engaging people who already interacted with your brandTargeting
ProspectingReaching new people who haven’t engaged with you yetTargeting
Broad TargetingLetting Meta’s algorithm find your audienceTargeting
Interest TargetingTargeting based on user interests and behaviorsTargeting
Meta PixelJavaScript tracker that records website actionsTracking
Conversions APIServer-side tracking that bypasses browser limitationsTracking
Attribution ModelsRules for crediting conversions to ad touchpointsTracking
Attribution WindowTime period for counting conversions after an ad interactionTracking
View-Through ConversionsConversions from people who saw but didn’t click your adTracking
UTMsURL parameters that track traffic sourcesTracking
Advantage+Meta’s AI-powered campaign automation suiteMeta Platform
Advantage+ ShoppingAutomated e-commerce campaign typeMeta Platform
Campaign ObjectivesThe goal you select when creating a campaignMeta Platform
Bid StrategiesHow you tell Meta to spend your budgetMeta Platform
Ad PlacementsWhere your ads appear across Meta’s platformsMeta Platform
Learning PhaseInitial period where Meta optimizes ad deliveryMeta Platform
Last modified on February 28, 2026