When you create a new Lookalike Audience while you're creating a new Facebook and Instagram Ad or Lead Ad, it can take Facebook between three and six hours to process it. You can check the status of your Lookalike Audience and ad from the Ad Details page.
If your Lookalike Audience is still processing, a banner appears at the top of the screen and your ad stays in "Scheduled" status. Once Facebook has finished processing your audience, your ad is officially published, the status changes to "Active," and the banner is removed.
You can also check the status and view the details of your Lookalike Audience by logging into your Facebook Ads Manager account and viewing the Audiences section.
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