Panama Surge Continues: 20% Revenue Growth Projected!

Mar 28, 2007 | 4,473 views | by Navneet Kaushal
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Panama was launched amid huge expectation, both on the part of Yahoo! and publishers. Yahoo! was fast losing out in the search and advertisement market to Google. Publishers, who still hadn’t lost hope with Yahoo!’s failure to launch Panama still hoped for some wonder product.

The new ad program was launched on February 5. In less than two month of the launch, the rate of clicks on Yahoo! ads have gone up by 10%. According to a post at Bloomberg, click-through-rates on Yahoo! ads rose by 5 % within the first week of launch and reached 9% in the second week. The data is provided by ComScore.

The increase in click rates may also bring about a 5% increase in Yahoo!’s quarterly sales. In the beginning of this month we reported about Encouraging Initial Feedback for Panama.

According to UBS AG analyst Ben Schachter “It's just working quicker and better than people had expected." In fact, Yahoo! stock has already gained 23 percent and the shares have risen by 10 cents.

Though Yahoo! would be too pleased with the early harvest, Google has not lost any market share so far. On the contrary, Google’s share of the US market has gone from 42% to 48% in February. The net sales of Google may be around $12 billion while the figures are far lower at $5.47 billion. So at this point of time, Yahoo! would be hoping that the growth rate continues for a longer period of time.

Get a better insight about Yahoo! Panama.

Panama Surge Continues: 20% Revenue Growth Projected!, 1.0 out of 5 based on 1 rating
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Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Panama Surge Continues: 20% Revenue Growth Projected!
4.thumbnail Panama Surge Continues: 20% Revenue Growth Projected!