Brands are spending more on Instacart advertising and are achieving greater advertising efficiency, according to the latest data from e-commerce advertising and intelligence company, and WARC sibling company, Perpetua.
Attributed advertising spend on Instacart rose 30% in Q3 2021 compared to the previous quarter while the average return on advertising spend (ROAS) rose by 12% to reach $2.70. With ROAS growing and the cost-per-acquisition falling (down 9% to $1.77), advertisers have seen greater efficiency with their investment.
While the average conversion rate did fall in Q3, down 7% to 71%, a steeper decline in the average cost-per-click allowed...