How to Read Your Search Bleed Report
Your audit exposes which search queries are bleeding budget with zero conversions, how match types amplify waste, and the exact negative keywords to add. This guide explains every metric and the exact actions to take. The PDF skeleton on the right highlights where you are.
Jump to section
The Four Headline KPIs
Page 1 — how much search spend goes to queries that will never convert
These KPIs pull from the waste_management_intelligence layer (QUERY waste category) and raw search term data to quantify the bleed. Query waste is the total spend on search terms with zero conversions. The waste rate normalizes it against total search spend so you can compare across accounts of different sizes.
Query Waste
Zero-Return SpendTotal cost of search terms that triggered your ads but produced zero conversions in the reporting period. This is money that left your account with nothing to show for it — no leads, no sales, no engagement.
Waste Rate
Query waste as a percentage of total search spend. Above 30% = structural problem requiring keyword restructuring. Above 15% = negative keyword pruning needed. Below 15% = healthy, monitor.
If above 30%, the problem is too large for negative keywords alone. You need to restructure match types and potentially consolidate campaigns.
Recovery Potential
Reallocatable BudgetThe portion of query waste that the intelligence layer classifies as recoverable. Not all waste is recoverable (some exploration spend is necessary) — recovery potential applies category-level recoverability rates to give a realistic reallocation target.
Query Waste by Campaign (Treemap)
Page 1 — which campaigns bleed the most
The treemap sizes each campaign's rectangle by wasted spend from zero-conversion queries. Larger rectangles = more waste. This immediately tells you which campaigns need attention first without reading a single number — visual area equals urgency.
One campaign dominating the treemap
Concentrated WasteIf one campaign accounts for most of the waste, the fix is surgical — address that campaign's keywords and match types. If waste is spread across many campaigns, the problem is account-structural.
Focus negative keyword work on the largest rectangles first. You'll recover 80% of waste by fixing 20% of campaigns.
Waste Trajectory (Spend vs Wasted Spend)
Page 1 — is the bleed getting worse?
Two daily lines: total search spend and wasted spend from the intelligence layer. A growing spread between the lines means the waste problem is accelerating — new irrelevant queries are entering the account faster than existing ones are being blocked.
Widening gap
Accelerating WasteEach day, more budget goes to zero-conversion queries. Without intervention, this trend compounds — the algorithm learns from wasteful clicks and finds more similar queries.
Add negative keywords from this audit immediately. Then set a weekly cadence to review the search terms report — waste management is maintenance, not a one-time fix.
Waste by Match Type
Page 1 — which match type is leaking the most
This donut allocates total query waste to each match type by proportionally distributing campaign-level waste based on match type cost share. Broad match dominating this chart is a structural problem requiring keyword restructuring — not just a negative keyword list.
Broad match > 60% of waste
Structural LeakBroad match is generating the majority of wasteful queries. Google's broad match algorithm is interpreting your keywords too loosely, matching search terms with only tangential relevance to your products.
Move your highest-spend keywords from broad to phrase match. Keep broad match only for discovery campaigns with strict negative keyword lists.
Exact match showing waste
Close Variant CreepEven exact match can waste budget because Google's 'close variant' matching expands exact keywords to synonyms and rewordings. If exact match appears in this chart, Google is matching queries you did not authorize.
Review the search terms report filtered to exact-match campaigns. Add close variants that don't convert as negative keywords.
Worst Search Terms (Zero Conversions)
Page 2 — the specific queries eating your budget
The 15 most expensive search terms with zero conversions, each with the matched keyword, match type, and an intelligence-layer verdict. These terms triggered your ads, consumed clicks, and produced nothing. The verdict column tells you whether the intelligence layer flagged the term for action.
High-cost single terms
Immediate NegativeA single search term costing more than your average CPA with zero conversions is an unambiguous negative keyword candidate. There is no scenario where this term should continue triggering your ads.
Add as an exact-match negative in the campaign where it appeared. If it appears across multiple campaigns, add it at the account level.
Match Type CVR Comparison
Page 2 — the conversion rate cliff between match types
Side-by-side conversion rates for each match type: Exact, Phrase, Broad, and Auto. The CVR cliff between match types shows exactly where Google is over-expanding reach at the cost of intent. A 5x CVR difference between exact and broad means broad match is generating 5x more irrelevant traffic per click.
Broad CVR < 1/3 of Exact CVR
Expansion Too AggressiveBroad match converts at less than a third the rate of exact match. The algorithm is casting too wide a net — finding volume at the extreme cost of relevance.
Tighten broad match with negative keywords from this audit. If the gap persists, migrate high-value keywords to phrase match.
Waste Concentration (Top 20 vs Total)
Page 2 — can a small fix recover most of the waste?
A single-row table showing total waste, top-20 term waste, concentration percentage, and a status verdict. HIGHLY CONCENTRATED (>60%) means 20 negative keywords solve most of the problem. LONG TAIL (<40%) means the problem requires structural match type changes, not just a negative list.
HIGHLY CONCENTRATED — EASY FIX
> 60%The top 20 wasteful terms account for most of the total waste. This is the best-case scenario — a short, specific negative keyword list recovers the majority of wasted budget.
Add the negative keyword list from page 4 of this audit. This single action addresses 60%+ of the total waste.
LONG TAIL — HARDER FIX
< 40%Waste is spread across many small terms. No short list of negatives will fix this. The root cause is match type configuration, not individual bad queries.
Focus on match type restructuring rather than negative keywords. Move keywords from broad to phrase match and tighten targeting.
Search Intent Themes Without Conversions
Page 2 — recurring patterns in wasted queries
A word cloud of zero-conversion search terms sized by wasted spend. Larger words represent higher wasted spend. Recurring theme clusters — informational queries, competitor names, unrelated product categories — reveal the intent categories this account should never be targeting.
Informational intent themes
Words like 'how to', 'what is', 'review', 'compare' indicate users in research mode, not purchase mode. These queries consume clicks but rarely convert for transactional campaigns.
Add common informational prefixes as phrase-match negatives: 'how to', 'what is', 'review of', 'free', 'tutorial'.
Keywords with Highest Expansion Rate
Page 3 — which keywords are triggering the most unrelated queries
Each keyword ranked by the number of unique search queries it triggered. Keywords with 20+ unique queries and high waste percentage are structurally leaking — Google interprets them so broadly that most triggered queries are irrelevant.
High unique queries + high waste %
Keyword Too BroadThis keyword triggers dozens of unrelated queries. The keyword text is too generic or the match type is too loose for the algorithm to maintain relevance.
Change this keyword to phrase or exact match. If it's already phrase match, the keyword text itself is too generic — replace it with longer-tail variants.
Human Controlled vs AI Expansion (CPA)
Page 3 — the definitive match type performance comparison
CPA comparison between exact/phrase match (human-controlled keywords) and broad/auto match (AI-expanded). The wider the CPA gap, the more the algorithm's expansion is costing you — finding volume at a premium that may not be justified.
AI CPA > 2x Human CPA
Expansion TaxThe algorithm's expanded queries cost twice as much per conversion as your manually controlled keywords. You're paying a 100% premium for the volume broad match provides.
Calculate whether the additional volume from broad match justifies the CPA premium. If not, migrate keywords to phrase match and accept lower volume at better efficiency.
Quality Score vs Bleed Rate
Page 3 — low QS keywords expand more aggressively
Keywords cross-referenced between Quality Score and query expansion rate. A pattern of low QS + high expansion confirms a structural problem: Google considers your ads less relevant to these keywords, yet still expands them to more queries — compounding the irrelevance.
HIGH RISK — Low QS + High Expansion
QS < 5, queries > 10Google rates your ads poorly relevant to this keyword AND still matches it to 10+ different search queries. Each expansion degrades the already-poor relevance further, driving up CPCs and waste simultaneously.
Either improve ad relevance (rewrite ad copy to match keyword intent) or pause the keyword entirely. Low QS + broad expansion = paying a premium for irrelevant traffic.
Keyword-Level Expansion Leakage
Page 3 — estimated waste per keyword
Each keyword's total cost, unique queries triggered, waste percentage, and estimated waste in dollars. This connects the abstract 'expansion' concept to concrete dollar amounts per keyword — making it actionable for anyone managing a keyword list.
Estimated waste column
Total cost multiplied by waste percentage. This is the dollar amount each keyword bleeds through irrelevant query expansion. Sort by this column to find your highest-dollar leakers.
Address the top 5 keywords by estimated waste. Together they likely represent 50%+ of total keyword-level leakage.
Search Bleed Health Summary
Page 3 — the one-row account verdict
A single-row summary with total search spend, query waste, bleed rate, AI expansion percentage (broad/auto queries as share of total), and an overall status verdict. This is the row to paste into a stakeholder report — it frames the entire conversation.
CRITICAL — Structural fix required
> 30% bleed rateMore than 30% of search spend goes to zero-conversion queries. This is beyond the reach of negative keywords alone — the account needs match type restructuring, keyword consolidation, and potentially campaign architecture changes.
AI Expansion %
The percentage of total search queries triggered by broad or auto match types. Above 70% means the algorithm controls most of your query targeting — you've essentially handed Google the keys to your search strategy.
Negative Keyword Action List
Page 4 — the exact terms to add as negatives
Search terms confirmed as negative candidates by the intelligence layer (is_negative_candidate = TRUE), ranked by cost. Each row includes a priority level (HIGH/MEDIUM/LOW based on how much the term costs relative to average waste) and a recommendation from the intelligence engine.
HIGH PRIORITY terms
Add TodayThese terms cost more than 2x the average wasteful query. Each one individually represents meaningful budget recovery. Adding these as negatives is the single highest-ROI action in this entire audit.
Add all HIGH PRIORITY terms as exact-match negatives in the relevant campaigns. If a term appears across multiple campaigns, add it at the account level.
Budget Reallocation Opportunities
Page 4 — where recovered budget should go
Campaigns with below-average CPA AND significant impression share lost to budget. These are proven converters being throttled — the budget currently wasted on junk queries should be redirected here for maximum impact.
High IS loss + low CPA
Best DestinationThis campaign converts efficiently but misses auctions because its daily budget runs out. Every dollar redirected here from wasteful queries generates conversions at a proven, below-average CPA.
Increase this campaign's budget by the amount you expect to recover from negative keywords. Monitor CPA for 7 days to confirm the additional spend maintains efficiency.
Campaign Bleed Rate
Page 4 — which campaigns have the worst search hygiene
Each campaign's total spend, wasted spend (from the intelligence layer), and bleed rate percentage. Campaigns at the top of this table need the most aggressive negative keyword work — or the most radical match type restructuring.
Bleed rate > 40%
Structural RebuildNearly half this campaign's search spend goes to zero-conversion queries. Negative keywords can reduce this, but a 40%+ bleed rate usually indicates the campaign's keywords are too broad for its targeting — structural changes are needed alongside negatives.
Add negatives from this audit, then audit the keyword list itself. Remove single-word broad match keywords and replace with 2–3 word phrase match variants.
Hourly Bleed Pattern
Page 4 — when does the waste happen?
Wasted spend broken down by day-of-week and hour. The wasted spend column uses account average CPA as a benchmark — hours where spend significantly exceeds conversion-justified spend are flagged. Patterns reveal when your budget leaks most.
Night hours with high waste
Schedule FixLate-night hours often show disproportionate waste because query intent shifts — informational and casual browsing replaces purchase intent. Your ads still trigger, but conversions disappear.
Apply ad schedule bid adjustments: -30% to -50% during your worst hours. This reduces waste without fully pausing campaigns.
Query Length Analysis
Page 4 — longer queries = better intent
Queries grouped by word count (1-word, 2-word, 3-word, etc.) with cost, CVR, and waste percentage for each group. Longer queries almost universally convert better because they express more specific intent — '4k smart tv' converts better than 'tv'.
1-2 word queries with high waste %
Too GenericShort queries are the primary source of query bleed. A 1-word query like 'shoes' matches everything from 'shoe repair' to 'horseshoe' — the intent is unknowable. High waste percentage on short queries confirms your keywords trigger too broadly.
Add 1-2 word high-waste queries as negatives. For your own keyword list, replace short keywords with longer-tail variants that express purchase intent.
Q: How much of my search budget is wasted on irrelevant queries?