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How to Create Custom Metrics in Facebook Ads Reporting

Facebook Ads Manager and Ads Reporting have seemingly every metric possible. But sometimes, there’s a custom metric that isn’t there. What do you do?

If you’re like most advertisers, you export your stats into a spreadsheet, create a new column, and use formulas to generate this new metric. Thanks to an update to Ads Reporting, this is no longer required.

You can now create custom metrics inside Facebook Ads Reporting. Here’s how…

Access Ads Reporting

First, understand that Facebook Ads Reporting is not the same thing as the base reporting in Facebook Ads Manager. It’s often confused. You may not currently use Ads Reporting. You may now with custom metrics.

Within the main Business Manager menu, select Ads Reporting under “Analyze and Report.”

Facebook Ads Reporting

You may have to select an ad account and generate your first report to get started.

Custom Metrics: Getting Started

On the left-hand side of Ads Reporting, click on “Metrics.” You should then see “Custom Metrics.”

Facebook Ads Reporting Custom Metrics

Click to create a new one.

You’ll get a pop-over that looks like this…

Facebook Ads Reporting Custom Metrics

After naming your custom metric, you’ll need to select a format of numeric, percentage, or currency. You can also add a description of the metric if you’d like.

Facebook Ads Reporting Custom Metrics

At the bottom left, you’ll also be able to select whether this new metric appears only in the current report you’re in or in all of your reports.

Facebook Ads Reporting Custom Metrics

Create Your Custom Metric

This is the fun part.

On the right are the categories of base metrics that Facebook offers. Click on any of those to expand and view the metrics available.

Facebook Ads Reporting Custom Metrics

Over on the left is the formula area.

Facebook Ads Reporting Custom Metrics

Press on the +, -, X, /, (, or ) and that symbol will be added to the formula. Click on any of the metrics on the right and that metric will be added to the formula as well.

[NOTE: You could also type out the operator and metric you are looking for within the formula and Facebook will automatically pull up similar metrics.]

Make sense? Let’s imagine we wanted to create a custom metric called Super Engagement that factored engagement levels, conversion value, and amount spent (I’m totally making this up).

It could look like this…

Facebook Ads Reporting Custom Metrics

A Good Start

This is a really good start for advertisers who have been creating custom metrics manually until now when generating reports. Now you can save the metrics you use the most and produce this column in your reports going forward.

But, as far as I can tell, this doesn’t carry over to the metrics and reporting within Ads Manager. Why not? That would be enormously valuable.

Still, it’s a start.

Source: jonloomer

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