August 19, 2025  |  SIGN UP

 
Ronan Shields

Ronan Shields
SENIOR REPORTER, AD TECH

Google’s Performance Max is one of its most celebrated ad formats, often touted as the leading advertising company's flagship AI-powered solution.

Yet behind the marketing gloss, some advertisers say the product consistently underdelivers. A growth marketing veteran who has shifted tens of millions in ad spend away from PMax described it as “the worst execution” by a major player, citing incrementality tests that showed less than 10% genuine lift compared with 70–90% in other Google formats.

Despite Google’s claims of over a million advertisers and 90+ quality updates in 2024, marketers reported aggressive pushback when they tried to pull budgets, with reps questioning their methods and even lobbying clients directly.

In practice, switching back to Google Shopping improved ROAS by about 20% and lowered customer acquisition costs, reinforcing suspicions that PMax has been more about sales incentives than advertiser value.

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