| Metric | Apr | May | Jun |
|---|---|---|---|
| Cost / intro | $46 | $108 | $337 |
| Intro-conversion | 39% | 16% | 6% |
| Intros booked | 9 | 19 | 5 |
| New subscriptions | 6 | 3 | 1 |
| Cost / subscription | $69 | $681 | $1,687 |
On 2026-04-26 the ad account switched its objective to off-platform / pixel conversions. That buys the cheapest clicks Meta can find — not the highest-intent ones. Volume of "leads" can even rise, but their intent falls off a cliff.
Result: lead → intro conversion fell from 39% to 6%, so cost-per-intro ran from $46 to $337 on roughly the same spend.
Ruled out — these were healthy: median speed-to-lead 6–46 min most weeks; the team sent thousands of outbound SMS and ran 56 reactivation blasts. The follow-up worked; the raw material got worse.