Meta Earning Results Q3 2022 [pdf]

Re:Meta Earning Results Q3 2022 [pdf] by impulser_ on Wednesday October 26, 2022 @06:40PM (#33350579)

You can see how much Google spends and makes on everything outside ads and cloud. They report it as "Other bets" on their financial reports.

Last Q they made 209m in revenue on other bets, and lost 1.6b on those bets.

The only profitable business for Google is Ads.

Cloud, and other bets burn about 3b dollars every Q.

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Re:Meta Earning Results Q3 2022 [pdf] by blinding-streak on Wednesday October 26, 2022 @10:49PM (#33352473)

Incorrect. Google has a line item called "Google other" that is $7B in the most recent quarter. It accounts for things like Google Play revenue, YouTube and YT TV subscriptions, hardware revenue from Pixel, nest, etc. They don't report profitability from this line item. But obviously something like Google Play margins will be very high. And they're probably losing money on the hardware.

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Re:Meta Earning Results Q3 2022 [pdf] by oars on Thursday October 27, 2022 @07:52AM (#33356189)

Thank you for explaining "Google other" on the financial statement.

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