Microsoft's 'Bing' Off To 'Good Start,' Says ComScore
June 09 2009 - 12:49PM
Dow Jones News
Microsoft Corp.'s (MSFT) revamped search engine, dubbed "Bing,"
got off to a good start in its first week since launch, helping to
boost the software giant's Internet-search market share to 11.1%
from 9.1%, according to research group comScore Inc. (SCOR).
"So far it appears that the lifts in searcher penetration and
engagement have held relatively steady throughout the five-day
period," said Mike Hurt, comScore senior vice president, on
Tuesday. "It appears it is off to a good start."
Hurt added that the ultimate success of Bing will depend on the
extent to which it generates more trial through its extensive
launch campaign and whether it retains those trial users.
Bing is a central element of Microsoft's effort to drive new
revenue growth by winning a greater share of the Internet
advertising market. The Redmond, Wash., software company currently
has long been stuck with less than 10% of the Internet search
market. Mountain View, Calif.-based Google Inc. (GOOG), which
accounts for about 64% of Internet searches, continues to gain
share in the largest and most lucrative area of Internet
advertising.
ComScore said Microsoft sites increased their average daily
penetration among U.S. searchers from 13.8% during the period of
May 26-30 to 15.5% during the period of June 2-6, 2009, an
indication that the search engine is reaching more people than
before.
Microsoft's share of search-result pages in the U.S., a proxy
for overall search intensity, increased to 11.1% from 9.1% during
the same time frame.
Shares in Microsoft were recently up 0.2% at $22.08. Google
shares were off 1.2% at $433.72.
-By Scott Morrison, Dow Jones Newswires; 415-765-6118;
scott.morrison@dowjones.com