Categories: Market

Expectations missed: Google advertising industry disappointed the stock market

class = “sc-cffd1e67-0 iQNQmc”>

Google parent company Alphabet released quarterly numbers on Tuesday. (archive image)

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)

external content
Would you like to see this additional content (Tweet, Instagram, etc.)? If you agree to the setting of cookies and the transmission of data to external providers, you can allow all cookies and view external content directly.

Source :Blick

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago