Re:Google suffers from a digital petro curse
by jcfrei on Monday March 08, 2021 @10:02AM
(#26386463)
Not predicting a downfall but just to give you some perspective: 80% of Google's revenue is from advertising. They only disclose net income for three very wide segments: Services, cloud and other bets. Only three services - that is search, youtube and google play - are profitable. GCP, maps, Chromebooks, Waymo, G Suite (that includes Gmail, Drive, etc) are a net loss.
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Re:Google suffers from a digital petro curse
by Ozzie_osman on Monday March 08, 2021 @10:40AM
(#26386844)
The comment above is saying that Google can't invest for the long-term and requires runaway success in a product or two.
Your argument (that Google currently has a portfolio of products that are a net loss) shows that they at least try. In particular, GCP and Waymo are really long-term and strategic investments.
Re:Google suffers from a digital petro curse
by arcturus17 on Monday March 08, 2021 @10:56AM
(#26387025)
Do you have any source for Youtube being profitable? They've only been starting publishing revenue for it recently, but as of Q1 2020 they were still hiding profits [0]
Some analysts I follow (I think Ben Thompson was in this camp) have been long speculating that it was actually operating at a loss.
[0] https://www.cnbc.com/2020/02/03/google-still-isnt-telling-us...
Re:Google suffers from a digital petro curse
by bryanlarsen on Monday March 08, 2021 @01:14PM
(#26389325)
They started reporting both of those in the last quarter.
Youtube is profitable, GCP isn't.
https://abc.xyz/investor/static/pdf/2020Q4_alphabet_earnings...