What key event means in Google Analytics 4
In Google Analytics 4 everything that happens on a website or in an app is recorded as an event: a page view, a click on an outbound link, a form submission, a purchase. A key event is neither a separate kind of event nor a tag that starts a new measurement. It is a marker you place on an event that is already being collected, telling Analytics that this action carries more weight than the rest.
The rename away from the word conversion has practical consequences. In the Analytics reports you will see the key events metric and its rate. The word conversion now belongs to what lives in Google Ads: a conversion item created from an event or from a key event, used for bidding, for campaign optimisation and for building audiences. Google Ads conversions do not appear in the standard Analytics reports, and a key event on its own feeds no bidding strategy.
Marking an event as key changes neither the data collection nor a faulty implementation. If the event never reaches the server, the marker will not make it appear.