Mysterious drop in image link clicks
Have a bit of a mystery I'm trying to solve.
We have an email newsletter that goes out every week to about 20k subscribers. In this newsletter we sell ad space. Nothing fancy, just a square image that is linked to the advertiser's website.
Week to week, we had been seeing about 100 clicks from about 50 people on these ads. Not crazy but not to bad for what are essentially banner ads.
Then, around the week of 12/6/2022, we saw a dramatic drop in clicks to those links, down to the single digits. After a few months of data, that pattern has stuck around, so it's not a one-time fluke. What's odd is we aren't seeing a drop in clicks on the other links, except clicks to are social media icons, which are also image-only links.
I have bot activity set to logged but not filtered. I checked emails before and after and found some clicks attributed to bots and some not, so I know we're capturing all the activity. I checked and there's no change in the way we have been entering the links. While the clicks are low, we are getting some, so I know they're working. While I could attribute it to consumer behavior, the sudden rather than gradual drop makes that seem unlikely.
There doesn't seem to be anything we did to trigger this change. Does anyone know of anything internal to Marketo or something in the greater email ecosystem that could be either hiding clicks on images, or that could have been artificially inflating them previously?