AdSense publishers report sudden revenue plunge — again

Google AdSense publishers are reporting sudden eCPM and RPM drops of up to 70%, sparking fears of another revenue shock.

Google AdSense publishers are reporting sharp drops in earnings over the past 24 hours, with many seeing eCPM and RPM declines of 50–70%, according to widespread forum complaints.

Why we care. For publishers that rely on AdSense to fund operations, sudden revenue swings can threaten sustainability — especially when traffic hasn’t changed and costs remain fixed.

What’s happening. Complaints spiked late Jan. 14 into early Jan. 15. Publishers across the U.S. and Europe report severe drops in page RPM and eCPM. Multiple sites within the same accounts were simultaneously affected with some publishers saying ads partially or fully disappeared.

What publishers are saying:

  • “My RPM dropped by more than 80% overnight.”
  • “Same traffic, same placements — revenue collapsed.”
  • “I used to earn $500 a day, now it’s $35.”
  • “Never seen figures like this before.”

The numbers:

  • Germany (.de): –64%
  • France (.fr): –63%
  • Italy (.it): –76%
  • Spain (.es): –90%
  • U.S.-focused sites report drops of 35–70%

Between the lines. The timing coincides with an unconfirmed Google Search ranking update, raising concerns that visibility shifts and monetization issues may be overlapping — a familiar and unsettling pattern for publishers.

Another wrinkle. Google has acknowledged systemic issues in Google Ad Manager, including:

  • Declining AdX match rates
  • Reduced delivery from Google Ads and DV360
  • Web and mobile web display inventory hit hardest
Screenshot 2026 01 15 At 18.28.00

Google says affected users may see errors, high latency, or unexpected behavior, with an update promised by Jan. 15th, at 7:00 PM UTC (2 pm E.T.)

What’s unclear:

  • Whether the Ad Manager incident fully explains the AdSense drops
  • If this is a reporting bug, a serving issue, or a longer-term monetization shift
  • How AI Overviews — which currently show zero ads — may be impacting publisher revenue indirectly

The big picture. Many publishers say revenue has been declining for months, not days — with some reporting losses of 70–80% since mid-2025, fueling fears that traditional content sites are being structurally deprioritized.

Bottom line. Whether this is a temporary bug or another step in a longer decline, publishers are once again left waiting — and watching their dashboards — with little clarity and even less control.


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About the Author

Anu Adegbola

Anu Adegbola has been Paid Media Editor of Search Engine Land since 2024. She covers paid search, paid social, retail media, video and more.

In 2008, Anu started her career delivering digital marketing campaigns (mostly but not exclusively Paid Search) by building strategies, maximising ROI, automating repetitive processes and bringing efficiency from every part of marketing departments through inspiring leadership both on agency, client and marketing tech side. Outside editing Search Engine Land article she is the founder of PPC networking event - PPC Live and host of weekly podcast PPC Live The Podcast.

She is also an international speaker with some of the stages she has presented on being SMX (US, UK, Munich, Berlin), Friends of Search (Amsterdam, NL), brightonSEO, The Marketing Meetup, HeroConf (PPC Hero), SearchLove, BiddableWorld, SESLondon, PPC Chat Live, AdWorld Experience (Bologna, IT) and more.