MMarketing Against The Grain
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30 January 2025

Did HubSpot Lose 80% of Blog Traffic? Here’s What Actually Happened

3Frameworks
9Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 1

Myth Buster00:00

Did HubSpot Really Lose 80% of Its Blog Traffic?

The viral claim was based on estimated panel data rather than HubSpot's internal numbers and referred specifically to its English-language blog. The hosts say the general downward trend was accurate, but the headline figure and many confident explanations circulating online were not.

  • The public chart used estimated data.
  • The decline concerned the English-language blog, not HubSpot's complete marketing engine.
  • The hosts accept the general trend while disputing the exact numbers.
  • An isolated traffic chart cannot show conversions or broader distribution performance.

General Trend accurate but the actual numbers not accurate

01:00

it's very easy to get web traffic in these tools it's much harder to look at the over overall influence

13:00
#hubspot#seo#traffic data#marketing analytics

Hot Take· 1

Hot Take07:30

Owned Media Can Outperform Rented Advertising

The hosts argue that a vertically integrated media network lets a brand control both the content and how its offers are introduced. Host-read, context-aware promotions on owned podcasts and videos can generate stronger engagement and conversion than buying placements in someone else's media.

  • Owned media gives the brand control over content, format, and offer.
  • Host-integrated promotions can feel more natural than external ad inventory.
  • A media network becomes both a brand asset and a distribution channel.
  • Creators can be more efficient than programmatic advertising.

own media is a better channel for brand advertising than rented media

07:30

creators are now more effective and more efficient than programmatic advertising

08:30
#owned media#advertising#podcasts#creators

Explainer· 3

Explainer05:00

Why Information Channels and Influence Channels Behave Differently

Informational search reaches people when they actively seek an answer, while podcasts, YouTube, newsletters, and social media can become recurring parts of their lives. HubSpot concluded that informational content would become commoditized and that sustained growth required stronger influence channels.

  • Search visibility is episodic and query-driven.
  • Influence channels create repeated exposure and familiarity.
  • Influential content requires a different strategy from keyword coverage.
  • HubSpot used The Hustle acquisition to accelerate its capabilities in these channels.

informational content gets commoditized

10:00
#influence#owned media#content strategy#audience
Explainer17:00

The Law-of-Large-Numbers Problem in Marketing

At substantial scale, tactics that would be meaningful for a smaller company may be immaterial to overall targets. The hosts explain that large businesses cannot afford to fill their plans with isolated incremental wins; investments must be capable of producing demand proportionate to the company's size.

  • Company scale changes which opportunities are worth pursuing.
  • Small gains can consume resources without moving enterprise-level outcomes.
  • Large growth targets require channels with substantial headroom.
  • A tactic should be evaluated relative to the size of the business.

we actually can't afford to be incremental because of the numbers we need to actually hit over time

17:30

the law of large number problem

17:30
#growth scale#b2b marketing#resource allocation
Explainer27:00

AI Shifted Search's Scarcity From Coverage to Depth

Historically, many searches lacked a useful answer, so publishers that funded broad keyword coverage were rewarded. Generative AI can now produce enormous volumes of basic informational material, reducing the value of breadth and making differentiated depth, expertise, community, and human insight scarcer.

  • Search once had a widespread coverage problem.
  • Publishers earned visibility by supplying answers at scale.
  • AI can now fill basic coverage gaps cheaply and rapidly.
  • The new competitive constraint is depth and differentiated quality.

when AI came along there's no longer the coverage problem

28:00

you're going to win on depth and quality and community and real human insights versus breath of coverage

28:00
#generative ai#seo#content quality#search algorithms

Story· 2

Story10:30

What HubSpot Actually Wanted From The Hustle

Observers framed HubSpot's acquisition of The Hustle as a newsletter lead-generation play. The hosts say it was instead a capability and influence investment spanning a newsletter, My First Million, and the Trends community, followed quickly by a podcast network and creator program.

  • The acquisition included three core media assets.
  • HubSpot switched off ads and increased content investment.
  • The acquired team supplied expertise that HubSpot had not built internally.
  • The resulting creator and podcast operations became defensible distribution assets.

we bought a newsletter and a amazing podcast and they also had a a community called Trend so we bought three core assets

11:00

that Creator program now is actually a pretty great part of our distribution engine

11:30
#the hustle#acquisition#media strategy#hubspot
Story14:30

How Years of Media Exposure Influenced a CRM Purchase

A CEO consumed The Hustle and My First Million without initially understanding HubSpot's product. Repeated, lightly integrated mentions over several years established legitimacy, so HubSpot felt familiar and credible when the CEO later evaluated a CRM proposal.

  • The buyer relationship began with media consumption, not product research.
  • Repeated exposure created familiarity over several years.
  • HubSpot preserved the content while integrating its brand carefully.
  • Influence became visible only when a later purchase opportunity arose.

they were dripping tiny drops of HubSpot is legitimate

15:00

oh yeah HubSpot they're super legit I consume a bunch of content that they own

15:00
#buyer journey#brand awareness#crm#media influence

Takeaway· 2

Takeaway28:30

Who Feels No-Click AI Search First

HubSpot sees AI answers and no-click behavior more clearly than many B2B brands because its search footprint is unusually large and spans early-adopter markets. In these areas, users increasingly obtain sufficient information from an AI result without visiting the source page.

  • Large search portfolios expose emerging behavior sooner.
  • Early-adopter audiences are showing more AI-search usage.
  • AI-generated answers can cannibalize informational clicks.
  • Many smaller B2B companies may not yet see the effect clearly.

you see less people click through to your page because they're able to get the information they need within the AI search itself

29:00

search traffic because of AI overviews and and perplexity chat GPT Claud is going to continue to go down

30:00
#no-click search#ai overviews#b2b seo#search behavior
Takeaway32:00

Transactional Search Is Holding Up Better Than Blog Traffic

The viral chart covered informational blog traffic, not the complete search portfolio. HubSpot reports healthy growth in transactional keywords, where users seek a product or action, showing why informational and transactional search performance should not be collapsed into one conclusion.

  • The widely shared chart represented informational content.
  • Transactional searches express product or action intent.
  • HubSpot reported substantial growth in transactional keywords.
  • Search performance requires intent-level analysis.

volume for transactional searches is fine

32:00

someone searching for a product someone searching for an action not informational content

32:00
#transactional search#search intent#seo#conversion