1 / 12

Q1 2025 Marketing
Performance Readout

VP Marketing Celeste Park
April 10, 2025 — Board meeting

41,200

new paid subscribers, Q1 2025

Plan: 52,000 | Variance: -21%

Underperformance concentrated in paid social; organic and referral beat plan.

Full-Funnel Scorecard

Metric Plan Actual Variance Note
Impressions 420M 388M -8% Paid social CPM up 34%
Clicks 3.1M 2.6M -16% CTR held
Installs 210K 187K -11% Organic mix shift
Activation (Day-1) 58% 63% +9% Product improvement
Trial conversions 22% 24% +9% Paywall test win
Paid subs 52K 41.2K -21% Paid social miss

What Beat Plan

Referral Program

12,400

installs vs. 8,000 plan (+55%)

Viral coefficient 1.4, CAC $3.20. Clear scale opportunity.

App Store Optimization

34,000

installs vs. 26,000 plan (+31%)

Zero incremental spend. Keyword expansion working.

Paywall Test

+9pp

trial-to-paid conversion lift

Annual plan now 68% of mix. Ship to 100%.

The Miss: Root Cause

iOS Privacy Enforcement

Tightening creative targeting reduced audience match rates by ~40%.

Meta Auction Pressure

4 new fintech competitors entered Q1, driving CPMs up 34% YoY.

Creative Fatigue

Top-performing ad set hit frequency 9.4 by week 6; CTR declined 62%.

CAC by Channel

Our lowest-CAC channel is also our highest-LTV channel. We've been underinvesting in referral by a factor of eight.
— Helio Q1 cohort analysis

Forward Recommendation

Reallocate Away From

Paid Social

Reduce by $420K

Influencer

Pause mid-tier, retain 3 top performers

Reallocate Toward

Referral Infrastructure

$220K for mechanic upgrade

ASO / Content

$120K for keyword expansion

SEM

Increase $80K to capture fintech-adjacent intent

Q2 Revised Forecast

Full-Year Outlook

Quarter Original Plan Revised Plan Key Assumption
Q1 Actual 41.2K 41.2K
Q2 68K 61K Referral ramp by Week 5
Q3 74K 71K ASO compound
Q4 86K 82K Creative refresh + seasonal lift
FY 2025 269K 255K -5% vs. original

Dependencies & Risks

Referral Launch Slip

Mechanic launch slips to Q3

-18K subs risk

Mitigation: parallel build tracks in progress

Meta CPM Elevation

CPMs stay elevated (+34%)

-$310K efficiency loss

Mitigation: budget reallocation already initiated

App Store Algorithm

Unexpected algorithm change

Unquantified

Mitigation: diversify keyword strategy

Approve $420K paid social reallocation to referral and SEM

Effective April 15, 2025

Next board update: July 9, 2025