Campaign
Beginner PronunciationEN/kæmˈpeɪn/
A campaign is a named marketing effort whose links all carry the same tag, so every visit and conversion it produces is reported as one group.
In analytics a campaign is whatever value sits in the utm_campaign parameter: a label you assign, not something the tool discovers. Naming discipline therefore decides the report, since differences in capitalisation, spacing or spelling split one campaign into several rows. Campaign is also not the same axis as channel, because one campaign usually runs on email, social and paid placements at once. When a link goes out untagged, its visits fall into direct or referral and the campaign looks smaller than it was.
FAQ
The visit is still recorded but not connected to the campaign: with a referrer it lands in referral, without one it lands in direct. The campaign then looks smaller than it really was and the direct share grows for no real reason.
Sources:Google Analytics Help — Collect campaign data with custom URLs