Still profitable, but the question reveals a mindset that's easy to get burned by."Too expensive" almost always means one of two things: the offer doesn't convert well enough to support the CPC, or people are comparing today's CPCs to what they paid 2-3 years ago and calling it expensive. Those are completely different problems with different solutions.What's actually changed in 2026 vs before isn't that Google got greedier — it's that Smart Bidding now requires real conversion data to function. Run tCPA or tROAS on a fresh account with thin history and the algo just guesses. We don't touch automated bidding until an account has 30+ conversions in the past 30 days. Before that it's manual CPC and you're building the data set, not optimizing yet. People who skip this step spend $500, get bad results, and conclude Google Ads "doesn't work."The niche also matters more than platform. We run affiliate campaigns for SaaS product where we're sometimes the only advertiser bidding on a brand's own name. Average CPC around $0.04 because there's zero competition. That's not luck, that's just finding where the auction is quiet.Campaigns By Mike's point about segmentation is exactly right — you can't manage a campaign with device types and geos lumped together and expect the data to tell you anything. The optimizatiom work is more granular now, which is part of why people feel like it got expensive: they're comparing unsegmented old campaigns to a world that expects cleaner structure.
Profitable in 2026, yes. Easy in 2026, no.