Re:Google announces Q1 2023 earnings [pdf]
by onlyrealcuzzo on Tuesday April 25, 2023 @04:28PM
(#35706302)
Google is a lot more diversified than everyone on HN seems to think.
Normally, when a company gets 80% of their revenue from one line of business, the market does not see them as "diversified". Are you saying that you think everyone on HN thinks they get a larger precentage of their revenue from ads, or that the 80/20 split in their revenue does not accurately represent their diversification?
The PDF seems to indicate otherwise?
Google Search & other 40B YouTube ads 6.7B Google Network 7.5B Google other 7.4B Google Cloud 7.5B Other Bets 0.288B
Re:Google announces Q1 2023 earnings [pdf]
by bushbaba on Tuesday April 25, 2023 @05:35PM
(#35707051)
Of which Google Cloud uses infrastructure funded by search, youtube, and ads. The Cloud costs would grow drastically if there were not Search/Ads business
Re:Google announces Q1 2023 earnings [pdf]
by Workaccount2 on Tuesday April 25, 2023 @05:25PM
(#35706958)
Google has a cash cow that they fund all their side adventures with. And once they get board of one they either shut it down or just abandon it.
Re:Google announces Q1 2023 earnings [pdf]
by not_good_coder on Tuesday April 25, 2023 @04:33PM
(#35706362)
This is the right answer!
Yikes. that's a steep drop. Youtube revenue is almost flat too.
Pretty worrying as a shareholder :-/