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In this video, Andrew discusses four lesser-known features of Facebook Ad Manager that can significantly enhance advertising results. The first feature highlighted is the ability to update customer custom audiences without resetting existing data on ad sets. This involves uploading an updated email list of existing customers for retargeting or creating look-alike audiences. Many users mistakenly create new custom audiences and ad sets for updated customer lists, which can be inefficient. By utilizing the feature to simply update existing custom audiences, advertisers can streamline their campaigns and improve targeting effectiveness.