For Google, this is an important day, not only because Pixel 5 is now available, but also Pixel 4a 5G can be pre-ordered.In fact, today’s success probably It has nothing to do with pixels. Google’s parent company Alphabet just reported its third-quarter financial results, and the numbers look good. Very good, today̵
Google reported a year-on-year growth of 14% in revenue (from 40 billion US dollars to 46 billion US dollars), and net income for the quarter totaled approximately 11.24 billion US dollars. According to Ruth Porat, CFO of Google/Alphabet, most of the growth is due to the growth of the advertising business. “Total revenue in the third quarter was $46.2 billion, reflecting broad-based growth, mainly due to increased advertiser spending on Search and YouTube and continued growth in Google Cloud and Play. For Google, this growth Obviously good news, but it may also mean that previous predictions about ad spending doom and gloom may not be realized. God.
This is in stark contrast to the previous quarter’s report, which was flat year-over-year for Google.
According to yooj, most of the funding comes from Search itself (still through advertising), but YouTube’s advertising revenue has also seen a significant increase, up 32% year-on-year. During the same period, Google Cloud’s revenue also increased by 44%, which is equally impressive. The company has pledged to make further active investments during its earnings conference call to help this growth continue, and then subdivide it into its own details. Sub-market. Although Google does not subdivide its first-party hardware work into a market segment, we must assume that it belongs to the “Google other” category, which still accounts for a substantial 35%, but it may not be due to Pixels alone. .
Before today’s financial report was released, as part of today’s trading, Google’s stock price had risen by more than 3%, but in after-hours trading, its peak rose by about 8%. At the time of writing, the stock price fell slightly to 7.6 %. It seems that the market is not particularly worried about Google’s antitrust predicament in the United States or its possible consequences for Google’s property.