What industry are we talking about here? That CPM figure is insane unless you're targeting C-suite execs in a niche like medical devices or defence contracting. Even then, $350 feels broken.
I'd want to see the full setup before blaming the platform. A few things to check first:
- Audience definition - Are you layering on too many narrow interest or behaviour targets? Tiny pools inflate CPMs because the algorithm has to fight for impressions.
- Ad placement - If you're running instream video or premium placements only, that'll jack up costs. Check if you've got any "cost cap" or "bid strategy" that's forcing a high floor.
- Frequency and recency - Sometimes a fresh campaign with no historical data just gets hammered. let it run a few days and see if it normalises.
- Competition - If you're in a vertical where everyone bids during the same window (e.g. Black Friday prep), CPMs go parabolic.
i've seen $150+ CPMs in B2B SaaS when someone accidentally set a "target cost" instead of "lowest cost". Worth double-checking your campaign objective and bid strategy in the platform.
What budget level are you working with, and which channel is this? Meta, LinkedIn, or programmatic display? That'll narrow down the likely cause