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Analysts on average were expecting more than $65.8 billion. The stock temporarily fell around 4 percent in after-hours trading.
Advertising around the Google search engine is still the group’s most important source of money. Sales here increased from $42.6 billion to $48 billion in the last quarter. The video subsidiary grew its advertising revenue from almost $8 to $9.2 billion.
The development of Google’s advertising business is being watched very closely. The key question is whether rivals’ attempts to use AI to display direct answers instead of links will leave a mark on Google.
Cloud business grew from $7.3 billion to $9.2 billion. The division, which reported an operating loss of $186 million in the same quarter last year, was currently at a loss of $864 million.
All companies’ sales rose from $226 million to $657 million on future projects such as driverless cars or delivery drones, called “other bets.” The division’s operating loss narrowed significantly: from $1.24 billion a year ago to $863 million now. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
