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  &lt;p&gt;Results from &lt;a href="http://www.searchmarketingtrends.com/features/smtrends/1.aspx"&gt;Avenue A / Razorfish&lt;/a&gt; are also positive. &lt;em&gt;Since &lt;/em&gt;&lt;a href="/blog/797-yahoo-launches-panama-in-quest-for-relevance"&gt;&lt;em&gt;Panama's launch&lt;/em&gt;&lt;/a&gt;&lt;em&gt; at the beginning of February, data for the company's 33 search clients revealed:&lt;/em&gt;&lt;/p&gt;
  &lt;ul&gt;
    &lt;li&gt;Search Impressions &#8211; Up an average of 5% &lt;/li&gt;
    &lt;li&gt;Cost Per Click &#8211; Down an average of 6% &lt;/li&gt;
    &lt;li&gt;Click Rate &#8211; Up an average of 10% &lt;/li&gt;
    &lt;li&gt;Conversion Rates &#8211; Down an average of 5% &lt;/li&gt;
    &lt;li&gt;Overall CPA &#8211; Up an average of 6% &lt;/li&gt;
  &lt;/ul&gt;
  &lt;p&gt;
    &lt;a href="/blog/797-yahoo-launches-panama-in-quest-for-relevance"&gt;Yahoo! launched the Panama system in February&lt;/a&gt;,&#160;alongside a new ranking model. &lt;/p&gt;
  &lt;p&gt;Like &lt;a href="http://www.google.com"&gt;Google's&lt;/a&gt; ad system, it&#160;gives sponsored ads higher billing based on keyword matches to page content. In the old approach, ads were ordered only by which marketers bid most. &lt;/p&gt;
  &lt;p&gt;Yahoo!&#160;hopes the new system, which had been in development&#160;since 2005,&#160;to provide more relevant search results to users, as well as increasing earnings from ads.&lt;/p&gt;
  &lt;p&gt;A comScore study released two weeks ago tells a similar story. It sampled 1m US internet users, comparing the first two weeks after the new ad system's launch to the week before. &lt;/p&gt;
  &lt;p&gt;The study found that &lt;a href="http://www.comscore.com/press/release.asp?press=1222"&gt;CTR increased by 5% in the first week and 9% in the second.&lt;/a&gt; Google and &lt;a href="http://www.microsoft.com"&gt;MSN&lt;/a&gt; did not record similar increases in CTR, which seems to indicate that the new system has had an effect. &lt;/p&gt;
  &lt;p&gt;It's still early days for the new system, but it seems to have cheered Yahoo CEO Terry Semel up, who&#160;claims Panama has &lt;em&gt;"changed the mood and tempo of the company."&lt;/em&gt;&lt;/p&gt;
  &lt;p&gt;
    &lt;a href="/blog/902-google-pinches-friendster-ads-from-yahoo"&gt;The recent loss of Friendster's business to Google&lt;/a&gt; won't have made him quite so happy though.&lt;/p&gt;
  &lt;p&gt;Further Reading:&lt;br /&gt;&lt;a href="/blog/442-ellen-siminoff-on-panama-and-paid-search"&gt;Ellen Siminoff on Panama and paid search&lt;/a&gt;&lt;/p&gt;
  &lt;p&gt;
    &lt;a href="mailto:blog@e-consultancy.com"&gt;blog@e-consultancy.com&lt;/a&gt;
  &lt;/p&gt;
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  &lt;Paragraph&gt;Results from &lt;Link URL="http://www.searchmarketingtrends.com/features/smtrends/1.aspx" Window="New"&gt;Avenue A / Razorfish&lt;/Link&gt; are also positive. &lt;Quote&gt;Since &lt;/Quote&gt;&lt;Link URL="/blog/797-yahoo-launches-panama-in-quest-for-relevance" Window="New"&gt;&lt;Quote&gt;Panama's launch&lt;/Quote&gt;&lt;/Link&gt;&lt;Quote&gt; at the beginning of February, data for the company's 33 search clients revealed:&lt;/Quote&gt;&lt;/Paragraph&gt;
  &lt;List Type="Disc"&gt;
    &lt;ListItem&gt;Search Impressions &#8211; Up an average of 5% &lt;/ListItem&gt;
    &lt;ListItem&gt;Cost Per Click &#8211; Down an average of 6% &lt;/ListItem&gt;
    &lt;ListItem&gt;Click Rate &#8211; Up an average of 10% &lt;/ListItem&gt;
    &lt;ListItem&gt;Conversion Rates &#8211; Down an average of 5% &lt;/ListItem&gt;
    &lt;ListItem&gt;Overall CPA &#8211; Up an average of 6% &lt;/ListItem&gt;
  &lt;/List&gt;
  &lt;Paragraph&gt;
    &lt;Link URL="/blog/797-yahoo-launches-panama-in-quest-for-relevance" Window="New"&gt;Yahoo! launched the Panama system in February&lt;/Link&gt;,&#160;alongside a new ranking model. &lt;/Paragraph&gt;
  &lt;Paragraph&gt;Like &lt;Link URL="http://www.google.com" Window="New"&gt;Google's&lt;/Link&gt; ad system, it&#160;gives sponsored ads higher billing based on keyword matches to page content. In the old approach, ads were ordered only by which marketers bid most. &lt;/Paragraph&gt;
  &lt;Paragraph&gt;Yahoo!&#160;hopes the new system, which had been in development&#160;since 2005,&#160;to provide more relevant search results to users, as well as increasing earnings from ads.&lt;/Paragraph&gt;
  &lt;Paragraph&gt;A comScore study released two weeks ago tells a similar story. It sampled 1m US internet users, comparing the first two weeks after the new ad system's launch to the week before. &lt;/Paragraph&gt;
  &lt;Paragraph&gt;The study found that &lt;Link URL="http://www.comscore.com/press/release.asp?press=1222" Window="New"&gt;CTR increased by 5% in the first week and 9% in the second.&lt;/Link&gt; Google and &lt;Link URL="http://www.microsoft.com" Window="New"&gt;MSN&lt;/Link&gt; did not record similar increases in CTR, which seems to indicate that the new system has had an effect. &lt;/Paragraph&gt;
  &lt;Paragraph&gt;It's still early days for the new system, but it seems to have cheered Yahoo CEO Terry Semel up, who&#160;claims Panama has &lt;Quote&gt;"changed the mood and tempo of the company."&lt;/Quote&gt;&lt;/Paragraph&gt;
  &lt;Paragraph&gt;
    &lt;Link URL="/blog/902-google-pinches-friendster-ads-from-yahoo" Window="New"&gt;The recent loss of Friendster's business to Google&lt;/Link&gt; won't have made him quite so happy though.&lt;/Paragraph&gt;
  &lt;Paragraph&gt;Further Reading:&lt;LineBreak /&gt;&lt;Link URL="/blog/442-ellen-siminoff-on-panama-and-paid-search" Window="New"&gt;Ellen Siminoff on Panama and paid search&lt;/Link&gt;&lt;/Paragraph&gt;
  &lt;Paragraph&gt;
    &lt;Link URL="mailto:blog@e-consultancy.com" Window="New"&gt;blog@e-consultancy.com&lt;/Link&gt;
  &lt;/Paragraph&gt;
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  <created-at type="datetime">2007-03-08T14:23:00+00:00</created-at>
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  &lt;p&gt;
    &lt;strong&gt;Yahoo!'s new Panama advertising platform is showing some early signs of improved click-through rates, according to figures from SearchIgnite. &lt;/strong&gt;
  &lt;/p&gt;
  &lt;p&gt;
    &lt;a href="http://www.searchignite.com/wp_download.aspx?wpcleartype=vcmngreterdfRTRHFBVgfgrtynyrgfRERETRGfgfbtyuyiHGFERETRYH5657657yhfGFGRHT686thfhfMGDASWEfferthlcddfeuiy4564655jklhfdFTRT5354987fdfVDGFRG4354364fgdgfdDGEFFEHG5454446DFDFDFSvvcwsw4858fdcjkddDFGHGHYTUY4556677432fvbggHTUTYUYUY33566dvcVRVTTYBVE"&gt;The search&#160;company&#160;reported&lt;/a&gt; that CTR had improved since the launch of the system, while cost per click had remained constant. Since Q406,&#160;average CTR on Yahoo!&#160;has risen&#160;from 2% to 2.5% among SearchIgnite's clients.&#160;&lt;/p&gt;
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  &lt;Paragraph&gt;
    &lt;Emphasis&gt;Yahoo!'s new Panama advertising platform is showing some early signs of improved click-through rates, according to figures from SearchIgnite. &lt;/Emphasis&gt;
  &lt;/Paragraph&gt;
  &lt;Paragraph&gt;
    &lt;Link URL="http://www.searchignite.com/wp_download.aspx?wpcleartype=vcmngreterdfRTRHFBVgfgrtynyrgfRERETRGfgfbtyuyiHGFERETRYH5657657yhfGFGRHT686thfhfMGDASWEfferthlcddfeuiy4564655jklhfdFTRT5354987fdfVDGFRG4354364fgdgfdDGEFFEHG5454446DFDFDFSvvcwsw4858fdcjkddDFGHGHYTUY4556677432fvbggHTUTYUYUY33566dvcVRVTTYBVE" Window="New"&gt;The search&#160;company&#160;reported&lt;/Link&gt; that CTR had improved since the launch of the system, while cost per click had remained constant. Since Q406,&#160;average CTR on Yahoo!&#160;has risen&#160;from 2% to 2.5% among SearchIgnite's clients.&#160;&lt;/Paragraph&gt;
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  <learn-more-formatted>&lt;p&gt;Econsultancy has published an &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/online-advertising-networks-buyers-guide"&gt;Online Advertising Networks Buyer's Guide&lt;/a&gt;&lt;/strong&gt; which contains an examination of this marketplace and profiles of 23 leading networks. We have also produced an &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/online-advertising-survey"&gt;Online Advertising Survey&lt;/a&gt;&lt;/strong&gt;, based on a survey of advertisers and agencies. For more stats and charts, see also our &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/internet-advertising-statistics"&gt;Online Advertising Statistics compendium&lt;/a&gt;&lt;/strong&gt;.&lt;/p&gt;</learn-more-formatted>
  <learn-more-unformatted>&lt;p&gt;Econsultancy has published an &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/online-advertising-networks-buyers-guide"&gt;Online Advertising Networks Buyer's Guide&lt;/a&gt;&lt;/strong&gt; which contains an examination of this marketplace and profiles of 23 leading networks. We have also produced an &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/online-advertising-survey"&gt;Online Advertising Survey&lt;/a&gt;&lt;/strong&gt;, based on a survey of advertisers and agencies. For more stats and charts, see also our &lt;strong&gt;&lt;a href="http://econsultancy.com/reports/internet-advertising-statistics"&gt;Online Advertising Statistics compendium&lt;/a&gt;&lt;/strong&gt;.&lt;/p&gt;</learn-more-unformatted>
  <legacy-article-id type="integer">362826</legacy-article-id>
  <name>Panama - early results show promise</name>
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  <published-at type="datetime">2007-03-08T16:08:00+00:00</published-at>
  <slug>panama-early-results-show-promise</slug>
  <tweetbacks-updated-at type="datetime">2009-04-29T12:20:08+01:00</tweetbacks-updated-at>
  <unpublished-at type="datetime" nil="true"></unpublished-at>
  <updated-at type="datetime">2009-10-13T08:54:58+01:00</updated-at>
  <views-count type="integer">161</views-count>
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