Connect with us

Tech

Top estimates of Google’s revenue as online advertising sales remain resilient

Published

on

 


Google’s parent, Alphabet Inc., reported on Tuesday its quarterly results that exceeded Wall Street’s estimates.

Search engine giants GOOGL, + 1.35% GOOG, + 0.65% dominate global digital advertising, with third-quarter net income of $ 11.94 billion, $ 27.99 per share, but net income It was $ 11.25 billion and $ 16.40. Share in the same quarter last year.

Revenue after removing traffic acquisition costs ($ 11.5 billion) increased from $ 37.97 billion in the year-ago quarter to $ 53.62 billion. Overall revenue was up 41% to $ 65.1 billion. Analysts surveyed by FactSet estimate revenue excluding TAC to be $ 52.3 billion, while net income per share is $ 23.73.

Importantly, Alphabet’s operating margin improved from 24% in the year-ago quarter to 32% in the quarter.

5 years ago I [artificial intelligence]-First company. Results for the quarter show that investments have enabled us to build products that are more useful to people and partners. Alphabet CEO Sundar Pichai said in a statement releasing the results that continuous improvements in search and the new Pixel 6 are great examples.

Google’s resilient results have reassured us, following recent earnings warnings from Facebook Inc. FB (-3.92%) and Snap Inc. SNAP (+ 1.63%). The two companies have accused Apple of reducing advertising revenue due to a new restrictive mobile privacy policy imposed by Apple this year. Alphabet Chief Financial Officer Ruth Porat said the direct response to a conference call with analysts late Tuesday would not have a significant impact on YouTube’s bottom line.

Google’s total advertising increased 43% to $ 53.1 billion. Searches were $ 37.9 billion, up from $ 26.3 billion a year ago. YouTube advertising sales continued to outperform, jumping from $ 5 billion a year ago to $ 7.2 billion.

Forrester analyst Colin Colburn told MarketWatch that Google’s intent-based purchasing model accounts for 63% of advertising revenue, making Google almost completely unaffected by Apple’s changes. [Google] Undoubtedly, the focus is on the cloud and other bets to help diversify our business, but advertising is still successful and Google is still the top dog with significant control over data deprecation. ..

Google’s cloud revenue increased 47% to about $ 5 billion, but the division became cloud revenue for rivals Amazon.com Inc. AMZN (+ 1.68%) and Microsoft Corp. MSFT (+ 0.64%). It is believed to be lagging behind.

Still, the result was a fuss reaction in overtime trading. Google’s share price fell 1% late Tuesday, but this year’s share price has risen 59% so far. The broader S & P 500 Index SPX, + 0.18%, rose 22% in 2021.

Sources

1/ https://Google.com/

2/ https://www.marketwatch.com/story/google-earnings-top-estimates-as-online-ad-sales-remain-resilient-11635280087

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]