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I faced something similar. A lot of it is due to increased competition, especially around holidays. I adjusted my ad creative and targeting, which helped bring costs down.
I was running a consistent campaign on Meta, and suddenly my CPM skyrocketed by 40% this month. My team thinks it's the algorithm acting up, but I need more insight. Has anyone experienced something similar?
I faced something similar. A lot of it is due to increased competition, especially around holidays. I adjusted my ad creative and targeting, which helped bring costs down.
I agree, competition can cause spikes. I've also noticed seasonality impacting costs. Sometimes refreshing the content can also lower CPMs; it worked for me.
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