Marketing efficiency stayed positive in 2026, but it slowed. Median year-over-year growth in incremental revenue fell from 5% in Q1 to 1% in Q3, while September CPMs spiked on Meta and YouTube. This report breaks these nine months into six insights (and one observation) based on LiftLab's anonymized and aggregated U.S. client data across 6 categories - Apparel, Footwear, CPG/Durables, Lifestyle, Home, and Tech Services.
Both incremental revenue and iROAS grew YoY compared to 2025. But growth slowed significantly in Q3 compared to the highs of Q1.
Meta ads became much more expensive in September, jumping by 21% compared to 2025.
Google's median iROAS was higher every month compared to 2025, with gains from 1% to 12%. No wonder it held 36% of total media spend.
Linear TV became less relevant, with falling share of media spend as well as iROAS. A few bright spots remain, however.