What if I told you that the elusive world of Performance Max campaigns could be demystified? That's right, after an exhaustive year-long investigation, analyzing over 3000 campaigns, I've begun to crack open the black box of Performance Max. Together with the help of data experts, we will shed light on the hidden facets of these campaigns and guide you through the labyrinth of mystery placements and estimations. We’ll even unpack the unique challenges faced by multi-brand retailers and reveal the surprising trend of PerformanceMax leaning heavily into mobile traffic. Curious about how many campaigns are perfect for you? Wondering how different catalogs and products might affect your segmentation? We’ll answer that and more. We'll delve into popular frameworks around product segmentation and the most favored bid strategies. We'll reveal why maximizing revenue or conversion value is the most prevalent strategy. But that's not all. We're also going to dive deep into the PerformanceMax efficiency, analyzing how these campaigns are meeting the target return on ad spend, and what exactly happens when campaigns exceed the ROAS target. Now, you might be thinking, can Performance Max truly be trusted? How can we verify its effectiveness? Well, we have got you covered. We'll discuss the potential pitfalls and verification process of Performance Max campaigns. By sharing insights from multi-brand retailers who have used Performance Max, we aim to help you make informed decisions about this campaign type. So, buckle up for an episode filled with rich insights, compelling analysis, and valuable takeaways. Let's crack the Performance Max code together!