Search Engine Advertiser Update – Q308
October 9, 2008
However, Google appears to have had a mixed quarter. We recorded a 3% increase in active advertisers, which would've been good news were it not for Sergey Brin's statement that Google has been “too aggressive in reducing coverage this past quarter [Q2] ”. While it appears that the company was taking steps to increase coverage (at least through July), ad coverage dropped to its lowest levels in August and September, suggesting that August and September may have been weak months.
We venture to speculate that May's rollout of the new AutoMatch algorithm has not made up for the attrition of small advertisers. This is further supported by the fact that...