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Legacy pmax campaign tanking
Had a PMax campaign running since 2023 that we literally never touched. Was sitting around a ~$10 CPA consistently.
Someone paused it for about a month. Turned it back on and now CPAs are ~$40.
Looking at insights, over the past few years most conversions were coming from Display inventory. Since re-enabling, delivery has heavily shifted into Search.
Tried spinning up a separate Display campaign using the best historical audiences and signals, but it’s not performing the same.
Curious what others think, could the pause have effectively “reset” the campaign into a newer PMax behaviour model?
Feels like once it came back online it started operating more like current PMax (less Display heavy, more Search/YouTube), rather than the older version it had been running on for years.
Anyone seen something similar after pausing long-running PMax campaigns?
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