After Analyzing 21 Websites Spending $214,300 On Google Ads Every Month We Found Spyfu & SemRush Reporting 10% or Less of The Actual Results. The results are shocking. Here are 2 random examples of the full case study. See all the results here.
Niche: B2B Loans
Target Location: United States (country-wide) ✅ Verified Monthly Ad Spend: $7,500 # Search Terms Clicked Last 30 Days (From Search Terms Report): 1,048 Spyfu.com shows $2.25k estimated monthly PPC budget.

SemRush.com shows this domain is spending $0 on Google Ads, and is bidding on 0 keywords.

Niche: Education Courses
Target Location: Entire United States ✅ Verified Monthly Ad Spend: $104,000 # Search Terms Clicked Last 30 Days (From Search Terms Report): 7,897 Spyfu.com shows $5.83k estimated monthly PPC budget.

SemRush.com shows this domain is spending $539 on Google Ads, and is bidding on 152 keywords.
