Despite indications that online advertising expenditure, including search engine advertising is either down or flattening, AdGooroo reports that first page advertising activity on all three major search engines was up sharply during the first two months of the fourth quarter of 2008.

Not only was first page spending up during this period, but the growth in first-page advertisers was substantially higher than that in the fourth quarter of 2007. Here are the growth percentages:

AdGooroo points out that while advertiser counts are higher on all three search engines, Google’s 55 percent increase is beyond what can be expected from seasonality alone. It attributes the remaining increase to Google expanding its ad coverage.

Meanwhile, AdGooroo estimates that Microsoft has increased its advertiser share from 11.5 percent in Q3 to about 15.8 percent in Q4 (a 37 percent increase). This brings Microsoft much closer to Yahoo in terms of being the preferred search engine channel for search engine marketers. Currently, Yahoo has a 22.1 percent share, while Google has an 80.3 percent share.

Source: AdGooroo, “AdGooroo Mid-Quarter Search Engine Update – Q408″, AdGooroo, December 4, 2008

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• Google, Yahoo and Bing: Where Do The Top Search Engine Marketers Advertise?
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• Advertisers Slow To Adopt Bing

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