Case study · Meta Ads · iGaming
Spain vs the Netherlands in Facebook Adsmore leads or a stronger lower funnel?
Two Tier-1 GEOs and two very different stories: Spain gave us more room for creative, while the Netherlands delivered twice the sales from fewer leads.

This case is a good reminder that lead volume never tells the whole story. Spain produced 329 leads; the Netherlands produced 175. Stop there and Spain looks stronger. Then the lower funnel changes the picture: 58 sales versus 116 in favour of the Netherlands.
We deliberately put both GEOs in one case. The traffic source, vertical and measurement logic were the same, while funnel behaviour was completely different. Spain gave us more room to move with static and video. The Dutch upper funnel was narrower, but far more traffic reached a sale.
The combined result
Across Spain and the Netherlands, the tracker recorded:
- 11,903 clicks;
- 2,402 unique users;
- 697 conversions;
- 504 leads;
- 174 tracker sales;
- 1,335 rebills.
Combined approval was 24.96%, while sales represented 34.52% of leads. The “Profit” field shows $111,223.76, with another $102,664.63 in rebill income.
Ad spend was not passed into the report, so the discussion below is about volume and funnel quality, not an ROI built from incomplete data.
Spain: more room for creative
Spain generated 4,859 clicks, 1,435 unique users, 387 conversions, 329 leads and 58 sales. Approval was 14.99%, and sales represented 17.63% of leads. The tracker also shows 534 rebills.
The Spanish audience gave us more creative room. More angles could gain traction, so the team could develop both static and video, change the delivery, opening frames and pace without depending on one fragile winner.
That freedom creates a trap: when creative produces lots of movement at the top, it is tempting to crown a winner too early. We kept looking beyond the lead. That is where Spain fell clearly behind the Netherlands.
The tracker shows $26,568.26 under “Profit” and $24,710.60 in rebill income. A truncated “Average…” field shows $458.10, but we will not give it a convenient definition until the full field name is confirmed.
The Netherlands: fewer leads, twice the sales
The Netherlands produced 7,044 clicks, 967 unique users, 310 conversions and 175 leads. It delivered 116 sales, exactly twice Spain's result. Approval reached 37.42%, sales represented 66.29% of leads, and the tracker recorded 801 rebills.
The report also shows $84,655.50 under “Profit” and $77,954.03 in rebill income. The “Average…” field displays $729.80.
This is the heart of the case. The Netherlands produced almost half as many leads as Spain, yet twice as many sales. The upper funnel told one story; the lower funnel told another.
That does not automatically prove the Netherlands was more profitable. Country-level spend is still required. But as a traffic-quality signal, the gap is hard to ignore.
How we tested creative
We did not make five more versions of the same banner in different colours. First came the angle; then the format.
The loop was simple:
- Start with one distinct idea and a clear hook.
- Express it in static or short video.
- Check whether it creates a relevant lead, not just a click.
- Follow that lead through to a tracker sale.
- Keep the combinations that produce rebills, not only a lively start.
Spain gave this process more room: there were more workable variations and creative refreshes were easier. In the Netherlands, the priority was less about the number of angles and more about preserving the strong lower funnel.
Why a winner cannot simply be translated
A common Tier-1 temptation is to take a combination that worked in one GEO, translate the copy and launch it elsewhere. It may even start well. That does not mean it will preserve quality beyond the click.
Spain and the Netherlands were therefore managed separately. We checked local delivery, continuity between ad and landing page, and what happened after registration. The markets shared one measurement system, not one expected behaviour.
What we did when a combination dipped
When performance weakened, we first located the problem.
- If a video was tired, a validated angle received a fresh execution.
- If lead conversion dropped, we checked the promise and landing page.
- If leads held while sales declined, a new banner colour was not the answer.
- If rebills failed to support the opening result, scaling slowed until the cohort matured.
This meant a relaunch did not erase everything we had learned. A strong idea survived when execution was the problem, and a weak lower funnel was shut down even when the ad looked good.
A note on the money fields
Mechanically adding “Profit” and rebill income gives $51,278.86 for Spain and $162,609.53 for the Netherlands, or $213,888.39 combined.
But visually impressive is not the same as methodologically correct. Until we confirm whether rebills are already included in the first field, this remains a control value. Without matching ad spend, it is not net profit or ROAS.
The team's main takeaway
Spain gave us more creative movement. The Netherlands delivered a much stronger lead-to-sale step. Choosing a GEO on lead count alone would have produced the wrong conclusion.
Performance is never about the loudest number. It is about the chain: click to lead, lead to sale, and player to rebill. That chain tells us what to relaunch, what to scale and what to switch off.
Read our creative testing system, compare it with the DACH case, or explore Meta Ads management.
