On online advertising platforms, newly introduced promotional ads face the cold-start problem, as they lack sufficient user feedback for model training. In this work, we propose LLM-HYPER, a novel framework that treats large language models (LLMs) as hypernetworks to directly generate the parameters of the click-through rate (CTR) estimator in a training-free manner. LLM-HYPER uses few-shot Chain-of-Thought prompting over multimodal ad content (text and images) to infer feature-wise model weights for a linear CTR predictor. By retrieving semantically similar past campaigns via CLIP embeddings and formatting them into prompt-based demonstrations, the LLM learns to reason about customer intent, feature influence, and content relevance. To ensure numerical stability and serviceability, we introduce normalization and calibration techniques that align the generated weights with production-ready CTR distributions. Extensive offline experiments show that LLM-HYPER significantly outperforms cold-start baselines in NDCG@10 by 55.9%. Our real-world online A/B test on one of the top e-commerce platforms in the U.S. demonstrates the strong performance of LLM-HYPER, which drastically reduces the cold-start period and achieves competitive performance. LLM-HYPER has been successfully deployed in production.
Figures & tables
Figure 1: LLM-HYPER: (a) framework and (b)-(d) prompt details. Weights are normalized for CTR prediction.
Figure 2: LLM-HYPER deployment
Model
AUC
NDCG5
NDCG10
L(ms)
Emb T5
0.4105
0.0174
0.0262
0.357
LLM-R
0.0571
0.00931
0.0221
2.13\mboxE3
LLM-TR
0.0576
0.00886
0.0508
3.78\mboxE3
LH 4o
0.6539
0.0490
0.0764
0.163
LH 5.1
0.6497
0.0427
0.0668
0.158
LH 2.5F
0.6654
0.0435
0.0779
0.160
Table 1: Offline Cold-start Ranking Comparison.
Models
NDCG5
NDCG10
LH 2.5P , zero-shot
0.0376
0.0677
LH 2.5P , zero-shot, −img
0.0165
0.0352
LH 2.5P , 3-shot
0.0421
0.0798
LH 2.5P , 3-shot, −img
0.0267
0.0511
LH 2.5P , 5-shot
0.0456
0.0792
LH 2.5P , 5-shot, −img
0.0292
0.0506
Table 2: CoT and Visual Feature Impact
Figure 3: Explainability Results of Cold Start Model
Figure 4: Counterfactual Robustness of Cold Start Model with accuracy of weight change
Models
Relative CTR score
LLM-HYPER
92%
LR warm
100%
Table 3: Online 30-Day A/B Test Results.
Appendix figures & tables3 assets
Supplementary material from the paper’s appendix.
Appendix
Models
Generation Time(s)
GPT-4o
47.7
GPT-5.1
58.7
Gemini-2.5-Flash
83.3
Gemini-2.5-Pro
102.9
Appendix
Table 4: Offline LLM weight generation time (averaged by each ad)
Ad
Ad Content
Weight
Key Signals
LLM Rationale
Ad 1
Age-appropriate building toys and construction sets
0.95
• Strong: Toy and game category engagement • Strong: Building and construction toy affinity
The dominant feature activation centers on toy and building set interactions. The Ad’s product category and thematic content closely align with this feature’s predictive pattern, indicating strong relevance for engagement prediction.
Ad 2
High-value outdoor furniture with minor recreational overlap
The dominant feature signal centers on indoor play items. The secondary outdoor activity signal is insufficient to predict interest in premium outdoor living categories.
Ad 3
Children’s footwear (Crocs) with shared toy purchaser demographic
The feature captures toy purchasing behavior, which correlates with parents who also purchase children’s apparel and footwear. The cross-category purchasing pattern creates a neutral signal for children’s fashion items despite product category mismatch.
Appendix
Table 5: Feature weight predictions for feature_toys_games feature across different ad contexts.
Original Ad
Target Features
Mod Type
Modified Ad
Sorig
Scf
Δ Score
Patio & Garden
outdoor activity & sports
Enhanced
Game Day Upgrades: Patio & Grill
0.192
0.735
+0.543
Vitamins & Supps
Healthy Living
Neutralized
Daily Essentials
1.055
0.975
−0.080
Fall Home Trends
Home Decor
Diminished
Fall Gutter & Roof Maintenance
3.750
1.150
−2.600
Appendix
Table 6: Examples of counterfactual semantic modifications and the resulting weight changes generated by LLM-HYPER ( LH 2.5P ).
Tsinghua University Beijing, China · College of AI Tsinghua University Beijing, China · Department of Literature, Arts and Communication Anhui International Studies University Anhui, China +1