Break the number down before touching the account. Cost per acquisition is the cost of reaching people, multiplied by how many of them you need to reach to get one customer. Reaching people costs CPM. Turning them into customers depends on click-through, then on what the landing page does with the click, then on whether the conversion is recorded at all.
So a CPA rise has four possible origins, and each has a different fix:
- Delivery got more expensive. CPM rose, and the same funnel now costs more to fill. Covered in why CPM went up.
- Fewer people are clicking. Click-through fell, so each customer needs more impressions. See why CTR is low.
- Fewer clicks are converting. The site, the offer or the audience changed. See clicks that do not convert.
- Conversions stopped being recorded. Nothing about performance changed, only measurement. See pixel and CAPI.
Identify which of the four moved before deciding anything. Three of them are performance problems and one is a reporting problem, and the reporting problem is the one people most often solve by rebuilding a campaign that was working.