Maximizing Q4 2024 Holiday Ad Results with Facebook Engagement Campaigns

The 2024 holiday season is all about reconnecting with audiences through fun, engaging content. After the intensity of U.S. election ads, Thanksgiving and Christmas campaigns focused on post engagement are a refreshing way to re-engage viewers from their Facebook feed. Shoppers are primed to engage, with Meta’s data showing that 55% of holiday buyers reported Meta technologies helped influence their purchases, and 77% of Cyber Five shoppers credit Meta ads for inspiring their purchases this season.

This peak holiday advertising season is the perfect time to move audiences down the funnel and boost conversions. Facebook engagement campaigns are a key strategy for transforming your brand’s reach and visibility into deeper interactions and conversions, making this holiday season your most effective yet.

Post Engagement Ad Formats for Your Q4 and Q5 Holiday Campaigns

Strike Social’s data reveals that Q4 post engagement campaigns achieve engagement rates between 8% and 12%, which is at the upper end of our previous benchmarks of 2.90% to 14.40%. Q4 holiday ad trends indicate an extended shopping period, creating the perfect opportunity to captivate audiences with memorable, interactive campaigns that not only drive purchases but also keep your brand top-of-mind for the holiday season.

Here are the top ad formats we recommend to maximize your Facebook post engagement campaigns this season:

Reels + Carousel Holiday Ads

What better way to increase your audiences’ engagement than to be both on the consideration and conversion funnel at the same time? Using both formats together can create a powerful mix of brand storytelling and user interaction.

Nest Commerce’s Q4 2023 report indicates that brands advertising on Meta experienced a 35% increase in return on ad spend between October and November. Throughout Q4, conversion rates rose by 28%, peaking at 52% during Black Friday. This success is attributed to engaging audiences through awareness campaigns and subsequently guiding them to lower-funnel, conversion-based campaigns during the Q4 holiday peak periods.

By utilizing these post engagement-driven ad formats, you can fully maximize your brand’s performance, as 57% of holiday shoppers clamor online for their holiday shopping.

Cost and Performance Insights for Your Q4 2024 Facebook Engagement Ads

Data is the best backup to demonstrate the effectiveness and efficiency of utilizing a post-engagement objective as we approach the peak 2024 holiday campaigns. To help you establish benchmarks for this year’s holiday advertising, we have compiled key cost and performance metrics for Q4.

Cost-per-Engagement (CPE) and Engagement Rates (ER%)

In our Q4 2023 analysis, we observed a notable spike in CPE beginning in October, coinciding with the start of holiday advertising. Last year, key retail events such as Target, Prime, and Walmart launched promotions throughout early to mid-October, contributing to this trend.

As we transitioned from November into December, Facebook post engagement campaigns gained traction. We noted a downward trend in CPE alongside an upward trend in engagement rates. For Q4 2024, you can expect to align your holiday ad campaigns against Strike Social’s Facebook ad cost benchmarks, which range from $0.013 to $0.057 in November and decrease to as low as $0.012 to $0.038 by December.

Cost-per-View (CPV) and View Rate (VR%)

Video ad formats, particularly Facebook Reels ads, tend to have a higher view rate with lower costs compared to other formats, making them ideal for engagement during Q4. While view rates saw a slight decrease of 40% in December, they still remain elevated compared to October, reflecting sustained interest from engaged audiences throughout the Christmas season.

This year, Meta is testing a new ad feature that allows brands to showcase promotions and discounts directly within Reels ads. This innovation capitalizes on high shopping intent as viewers consume video content during the Q4 holidays. By highlighting promotions, brands can streamline the journey from consideration to conversion, making it easier for audiences to act on their interest.

Cost-per-Click (CPC) & Click-Through Rate (CTR%)

Click-based campaigns, like Carousel ad formats, provide solid performance metrics throughout the year. Q4 holiday trends indicate that these formats can drive high click engagement while maintaining lower costs. Although CPCs generally trend downward, we anticipate a slight increase of about 5% in December compared to November 2023 as more brands compete for ad space to get traffic and conversions.

To capitalize on this trend, your best strategy is to start your campaigns early. Target shoppers who begin their holiday shopping 1 to 2 months in advance to build momentum. By leveraging click engagement campaigns starting in October and November, you can position your brand effectively, ensuring you capture the attention of eager holiday shoppers before the competition heats up.

Cost per Link Click (CPLC) & Link Click-Through Rate (LCTR%)

Optimizing for lower-funnel conversions during Q4 becomes easier with well-targeted and engaging post engagement ads focusing on link clicks. Ad auctions can get a bit challenging towards November as there is competition around Black Friday and Cyber Five in particular; thus, we can see quite a spike in CPLC at this time.

Maintain an always-on approach, as costs tend to decrease in December, aligning with predictions from the NRF that 58% of consumers complete their shopping during this month. By focusing your post-engagement campaigns on link clicks that drive conversions, you position yourself well for success during the Thanksgiving and Christmas holiday advertising periods this Q4.

Driving Strong Results with Post Engagement Campaigns for Q4 and Q5 Holidays in 2024

As Q4 intensifies, the key to holiday success is not just reaching audiences but engaging them. Post engagement campaigns on platforms like Instagram and Facebook empower brands to foster meaningful interactions that can lead to conversions. With increased competition and shifting consumer behaviors during the holiday season, prioritizing post engagement allows brands to scale efficiently, harness Meta’s extensive audience, and enhance performance through cost-effective, high-engagement ad formats.

Are you looking to quickly scale your campaigns this holiday season? Reach out to our team for a personalized walkthrough of our AdTech solutions and discover how you can achieve greater results while saving on your Facebook engagement campaigns.