15 Key Social Media Metrics to Track in 2023

Katarzyna Katarzyna
January 20, 2023 ・ 12 min read

Tracking your efforts on social media platforms is key to understanding the effectiveness of your campaigns. Knowing which social media metrics to focus on can help you better measure success.

Social media provides incredible opportunities to reach potential customers and boost brand engagement. It’s important to ensure you take full advantage of all social media platforms.

To help simplify this process, we’ve outlined key metrics every social media marketer should track in the coming year.

Key social media metrics to track:

01 Social media reach

Reach is a metric you should follow closely, especially if you’re running a social media campaign. 

Social media reach will tell you how many people have seen posts on your social channels and how the content spreads across social networks. 

This metric is an effective way to measure how well your content resonates with your audience.

Tracking how it changes over time allows you to understand what kind of content works best for your particular audience and adjust accordingly.

Moreover, reach indicates the size of your desired audience. You can assume that followers are interested in your message and, possibly, in the product. 

The higher reach, the bigger audience could have seen your product. 

How to measure?

You can use a monitoring tool (for example, Brand24) to measure the reach of all social media platforms or individual sources.

Social media reach is one of important social media metrics
Social media reach detected by the Brand24 tool

Track your social media reach!

02 The volume of mentions

Analyzing social media data can help you understand customer behavior. 

One social media metric that can provide invaluable insight is the volume of mentions. This metric will tell you how often people talk about your brand. Also, it will tell you whether or not those conversations are positive. 

By keeping track of the number of people talking about a product or brand, companies can determine how significant their presence is and focus their social media strategy accordingly. 

Tracking this metric also allows social media campaigns to be monitored in real-time and make improvements on messaging quickly if needed. 

Measuring the volume of mentions from social channels helps spot any seasonal changes in interest. 

Overall, tracking social media mentions is an incredibly useful way to measure the success of current marketing initiatives, detect new opportunities, and ensure your content resonates with the right people.

How to measure?

You need to use a social media monitoring tool such as Brand24 that tracks brand mentions. Set up a media monitoring project and start tracking your brand (or any other keywords) across social media, news, blogs, forums, review websites, newsletters, and podcasts.

The volume of mentions is one of the most important social media metrics

The volume of mentions and reach are metrics associated with brand awareness. Brand awareness will help you establish your company as a business leader within your niche. Increasing awareness levels creates a level of trust between your customers and your brand. Furthermore, it helps to reach new audiences.

Brand24 is a tool that measures key social media metrics!

03 Social media impressions

In a nutshell, impressions are the number of times a post, ad, or other content is displayed to users on a given platform. This is different from reach, which is the number of people who actually see the content.

So why is it important to track impressions?

Tracking this metric can help marketers better understand how their content is performing and how it resonates with their target audience.

If your impressions are consistently getting higher, that’s a sign that your content is resonating with your followers and reaching new people. On the other hand, if impressions are decreasing, it may be time to adjust your content strategy.

It can also help you identify trends and compare the performance of different pieces of content. And that’s invaluable data for any marketer who wants to track social media efforts.

How to measure?

Fortunately, most social media platforms allow you to see impressions for each post. For example, you can check the Impressions tab on Twitter under your post analytics.

Social media impressions metric

04 Engagement metrics: mentions, shares, likes

Engagement metrics measure how much your audience interacts with your content and how often they like, comment, and share your posts.

Algorithms that decide which content to show first on a timeline consider your social media account’s number and type of interactions. So, mentions, likes, clicks, shares, and comments are essential for a broad reach.

How to measure?

To track your engagement metrics, you should keep an eye on the analytics dashboard inside the social media platform. Also, you can discover the overall number of mentions, shares, and likes using a great social media analytics tool.

Number of mentions, videos shares and likes detected by the Brand24 tool
Number of mentions, videos shares and likes detected by the Brand24 tool

Measure the most important social media metrics!

05 Engagement rate

Engagement rate is one of the most important metrics, as it can tell you a lot about your social media performance. It’s a measure of how much interaction your posts are getting relative to the number of followers you have. 

A high engagement rate shows that your posts resonate with your audience, while a low engagement rate suggests you need to rethink your social media strategy. 

One of the best ways to increase your engagement rate is by creating exciting and relevant content for your target audience. Think about your followers – what kind of content would they like to see?

My observations tell me that organic mentions are an essential factor impacting engagement and reach. It’s worth monitoring brand mentions and conducting interactions. Your followers will appreciate that. As a result, it will be much easier to build a community. Also, you can improve customer satisfaction by responding to client complaints.

How to measure?

To measure your average engagement rate, divide the number of interactions by the number of followers, and multiply the result by 100 to get the percentage value.

06 Virality rate

This metric measures the rate at which users share and spread content on a social network.

A high virality rate indicates that many users share the content with friends and followers. This helps increase the reach and visibility of content.

Content that goes viral is generally more engaging and resonates with a larger audience. By tracking virality, marketers can understand what kind of content resonates with their audience and create more of that kind of content.

How to measure?

To measure your virality rate, divide the number of shares by the number of impressions and multiply the result by 100 to get the percentage value.

Measure the most important social media metrics!

07 Sentiment analysis

Sentiment analysis will tell you whether the talk around your brand (the volume of mentions) is positive, negative, or neutral. This social media metric is especially useful when you’re running social media marketing campaigns. 

Initially, a high number of mentions might suggest that the campaign is successful. After all, people are talking about your brand. 

But that’s not the whole picture. 

A high volume of mentions and prevailing negative sentiment is asking for trouble. It means that a social media crisis is on its way, and you have to implement your crisis management plan into action. 

How to measure?

You can detect the sentiment easily using a social media monitoring tool. 

Sentiment analysis of Nike brand conducted by the Brand24 tool

Also, a media monitoring tool will detect the sentiment of each mention.

Positive and negative mentions detected by the Brand24 tool
Positive and negative mentions detected by the Brand24 tool

08 Audience growth rate

The audience growth rate measures the rate at which your audience grows over time.

A high growth rate indicates that your campaigns are effective, while a low growth rate indicates that you need to focus your social media efforts on different tactics.

It’s also a great way to track your progress and make adjustments as needed.

How to measure?

To calculate your audience growth rate, divide the number of new followers by the total number of followers and multiply the result by 100 to get the percentage value.

Measure the most important social media metrics!

09 Share of voice

Share of voice indicates what percentage of the whole discussion was generated by a social media account. 

The more people talk about your company online, the better your channels perform. Combining this metric with social media sentiment analysis will tell you who is talking about your company and how they feel about it.

The share of voice is the creme de la creme of your social media analysis. 

How influential is your profile? Are you able to spark discussion among your followers?

In other words, the share of voice metric will help determine whether you’re the industry leader or not. 

How to measure?

Media monitoring tools measure the share of voice of social media accounts. For example, Brand24 selects the public profiles and calculates share of voice automatically.

The share of voice is one of top social media metrics

10 Presence Score

Are you aware of how popular your brand’s popularity on social media? No? Don’t worry. 

We created the metric to help you understand awareness around your brand, competitors, or topics of your interest.

Presence Score metric allows checking brand/topic online popularity in a given period. It helps to measure brand awareness and evaluate marketing and PR efforts.

Presence Score operates on a scale from 0 to 100, where 100 is achieved only by huge, globally recognized brands.

How to measure?

The Brand24 tool automatically compares your results with the popularity of other brands/topics.

Presence Score is one of top social media performance metrics

11 Reputation Score

When running your social media accounts, you need to take care of your online reputation – it affects how potential customers perceive your brand and business.

If your online reputation is negative, attracting new customers and building trust with existing customers can be difficult.

Additionally, negative reviews and comments can spread quickly across the internet and have a lasting impact on your business.

Therefore, it is important to actively monitor and manage your online reputation to protect your brand image.

How to measure?

The Brand24 tool, based on sentient and reach analysis, calculates the Reputation Score.

Reputation Score is one of the top social media metrics

12 Video views

According to the latest digital marketing trends, short-form videos will continue to be an important tool for businesses in 2023. 

Video marketing is highly shareable, making it easier to reach a wider audience. A lot of businesses have already adopted video content as a tool for marketing and communication.

That’s why it’s worth paying attention to video views. They indicate how many people have watched your videos. 

This is an important metric to track because it gives you an idea of how engaging your videos are.

How to measure?

You’ll find video views number inside social media analytics. For example, YouTube has quite advanced channel statistics. Additionally, you can measure other metrics, such as audience retention and average watch time.

13 Click-through rate (CTR)

Click-through rate (CTR) is a metric that measures the number of clicks a post receives divided by the number of impressions. In other words, it measures how many users clicked links in social media posts.

A high CTR means your post is interesting and encourages the audience to click.

A low CTR, on the other hand, may indicate that your post is not resonating with your audience, and you should rewrite it.

CTR varies across different platforms. A post with a high CTR on one platform might perform differently on other social media channels. In addition, each post format can also have different CTR averages.

How to measure?

To measure average CTR, divide the number of clicks by the number of impressions and multiply the result by 100 to get the percentage value.

14 Top referring social media channels

This metric measures the number of people who come to your website from a social media platform. High referral traffic can indicate that social media is an effective way of driving website traffic.

By monitoring the top referring channels, you can discover which channels are relevant for your business.

How to measure?

You can use various analytics tools to track your referral traffic. Google Analytics offers a tool called Source/Medium, which allows you to track your website’s traffic sources. You can use this data to identify the top referring social media channels.

15 Cost-per-click (CPC)

Marketers should measure Cost-per-click (CPC) to ensure that their campaigns are performing optimally and that their advertising budget is being used efficiently. By tracking CPC, you can identify which campaigns are performing the best.

This social media metric helps marketers evaluate their advertising campaigns’ return on investment (ROI) by providing information about each click’s cost.

How to measure?

To measure CPC, divide the total ad spend by the number of clicks and multiply the result by 100 to get the percentage value.

How to track social media metrics?

Tracking social media metrics can be done with various tools:

  • Native analytics tools – each social media platform has its own set of native analytics tools for businesses or individuals using business accounts. These tools allow you to track metrics specific to that platform, such as engagement and reach on Facebook, Instagram, etc.
  • Social media monitoring tools – such as Brand24, allow you to track mentions of your brand across the web and social media. They can help you stay on top of customer sentiment and identify opportunities for engagement.
  • Social media management tools – such as Hootsuite and Sprout Social, allow you to manage and track metrics for multiple social platforms in one place. They typically provide real-time data on engagement, followers, reach, and more.
  • Analytics tools – such tools as Google Analytics focus primarily on analytics and reporting, allowing you to track the performance of your social media campaigns and get insights into the effectiveness of your content.

Use the social listening tool to track and measure key metrics!

Important social media metrics: Final tips

We can track dozens of metrics. But what really matters is to follow metrics related to your goals.

If you track your data consistently, you will have a ton of actionable insights that will help improve your social media presence.

Also, tracking social media is the only way to improve and report ROI.

Information is power, and the more you know about your social media activities, the better decisions you can make.

It’s high time to start measuring how well your social media content is performing. 

Use the above tips and combine them with an analysis and monitoring tool like Brand24. Here you can try it for free: Start trial!