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How to report on Performance Max (and defend it)

Performance Max hides a lot. Here's how to extract asset group and audience signal data to defend PMax spend to clients.

L
The Lumina Team
Lumina · 12 min read · 2026-01-03
In this article
  1. What PMax actually reports
  2. Asset group-level data
  3. Audience signal performance
  4. PMax vs search cannibalization
  5. Defending PMax budget in client meetings

Full article publishing soon. In the meantime, this outline represents the shape of the piece, the argument, the sequence, and the deliverable at each section.

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