Monetization
RPM
Revenue per thousand pageviews — publisher-side eCPM.
RPM (revenue per mille) is what publishers earn per 1,000 page-views, including all monetization sources. AdSense RPMs run $1–$30 depending on geo/vertical/placement. Search arbitrage publishers care about Y2 RPM (revenue minus traffic cost ÷ pageviews) — anything below their CPC + 30% margin is money-losing.
Formula
RPM = (revenue / pageviews) × 1000
Example
Recipe site running AdSense + Mediavine: $24.50 session RPM in Q4, drops to $11 in February. Native traffic at $0.18 CPC needs the Q4 RPM to make Y2 work.