SeekingAlpha posted an interesting case study about the New York Times and its dropping online revenues. Here’s a key visual:

As part of my job, I spend a lot of time looking for good research on mobile and here’s a recent report from Opera – colored very similarly – about the number of desktop web pages served to mobile users:
These trends are not tied to each other in a linear fashion. However, one thing is certain – every time a mobile visitor goes to a desktop webpage, ad impressions are wasted and the publisher loses revenue. Flash ads don’t work. Neither do the desktop-format ads, like the highscraper and the horizontal bar. Users don’t see them clearly and don’t click as a result. CPC is down and CPM isn’t as high as it could be if true mobile ads were used. Opera Mini graph might as well be called “wasted opportunities for mobile advertising”.
But wait – the New York Times has a mobile site and an iPhone app, with mobile ads on them! Here is the problem – visiting desktop links on mobile does not invoke a mobile-optimized, monetizable experience. Search, Twitter and Digg links accessed by mobile users point to the desktop site. NYT hasn’t figured out the way to connect the two together yet. As link sharing and search drive an ever-increasing portion of mobile traffic, the dominant mobile use case is ignored.
How bad is the problem? Today, the share of mobile traffic for desktop websites is already in the 2-5% range, reaching 20% for specialized sites about sports and weather. Mobile traffic is growing roughly 200-300% a year. In two years, the mobile use case for desktop sites could reach the 15-20% revenue point. This can’t be ignored, so we recommend for every web publisher to deal with it today – either by building out a free mobile view with Mobify, or investing in a well-integrated mobile presence.


