Apr 13, 2009 at 12:24pm ET by Greg Sterling
SEM tool provider AdGooroo today released a report that explores ad coverage per keyword among the big three engines in Q1 2009; it’s a hypothetical proxy for search revenues. The report concludes, among other things, that Yahoo has gained advertiser share and coverage (largely at Microsoft’s expense) during the quarter:
The biggest surprise this quarter, however, is a possible comeback for Yahoo!, which had been losing ground to Live Search since September. AdGooroo tracked a 10 percent increase in active first-page advertisers during the first quarter, suggesting that Yahoo! may have finally hit its stride. This coincides with a four point increase in advertiser share which appears to be at Microsoft’s expense. It would not be surprising to see strong numbers coming out of Yahoo! this month.
Here are some high level takeaways and charts from the report:


We’ll see how accurate these data are and whether they are a reliable barometer of search revenues on April 21, when Yahoo reports quarterly earnings. There are indications here and there that Yahoo’s search share may have grown somewhat in recent months.
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