Custom Metrics are user-defined values designed to diversify the reporting metrics available to advertisers. They are formula-based and can be created using already existing reporting metrics. They are company-wide, so can be used throughout all the company accounts. Custom Metrics are created in the Company Settings section, which can be accessed through the Smartly.io app front page https://app.smartly.io.

Note: Custom metrics created on Facebook cannot be used in Smartly.io. This is because there is no API support from Facebook that allows Smartly.io to retrieve those custom metrics. For this reason, you will need to create Custom metrics in Smartly.io to use it within Smartly.io.

Creating Custom Metrics

To create a Custom Metric, you need to fill out the following fields:

• Name: A descriptive name for the metric
• Type: The type of metric in question (Percentage, Money or Number)
• Formula: The actual formula that calculates the metric, entered similarly to for example formulas in Excel. In addition to numerical values, you can use existing metrics as well as previously created Custom Metrics in the formula, and the text field will populate a drop-down menu of available metrics based on text input.
  • Formula creation supports the following functions:
    • Addition (+)
    • Subtraction (-)
    • Multiplication (*)
    • Division (/)

The used attribution model can be selected when applicable.

Using Custom Metrics

ℹ️Pivot Tables has been recently renamed to Campaigns. All Pivot Tables functions are still available in the renamed view. For more information, see our product update post on the renaming.

To use Custom Metrics in reporting, add them to the Pivot Tables view by editing Columns.

In addition, Custom Metrics can be used in the conditions of optimization triggers under the "Optimization" tab.

Numeric type custom metrics can be used to obtain 3 decimal precision in calculating metrics.

Examples of Custom Metrics

• 1/ROI: Campaign reporting goal would calculate inverse ROI, or the cost per dollars raised of the campaign
• Impressions/Campaign reporting goal would calculate the amount of impressions required for a single Campaign reporting goal conversion