Google Earning Q1 2024 [pdf]

Post by carlossouza » Thu, Apr 25, 2024, 9:09 PM UTC

darkwizard42 wrote: post #37

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I think this is the same thing I feel when I read Meta's earnings. I continue to see growth in usage of their core properties but I don't think my entire circle touches Facebook or even Instagram nearly as much. Whatsapp certainly isn't driving those ad dollars so it truly is remarkable how disconnected my demographic (loosely using my here) is from the overall world usage.

Post by NtochkaNzvanova » Thu, Apr 25, 2024, 9:22 PM UTC

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

Post by NtochkaNzvanova » Thu, Apr 25, 2024, 9:26 PM UTC

utensil4778 wrote: post #28

duringmath wrote: post #24

Earlier quoted context omitted.

Citations needed there buddy

No, not really. The decline of Google's search performance is on the front page of HN at least once a week. It's common knowledge at this point. Try Kagi if you want to be reminded of what good search is like.

Post by jankeymeulen » Thu, Apr 25, 2024, 9:47 PM UTC

summerlight wrote: post #15

addaon wrote: post #10

Interesting that they think they're out of internal projects and acquisitions to (profitably) spend money on. Even more interesting that the stock seems to agree -- I guess investors already believed that growth is over, and are seeing this recognition of that as an alignment between reality and internal strategy.

The only major investment left would be computing infrastructures, but it's severely limited by supply. Even if Google wants to spend more money, simply there's no chips to buy. I don't see any significant future investment opportunities other than Waymo in the foreseeable future, but it seems still far from scaling out.

Post by brcmthrowaway » Thu, Apr 25, 2024, 9:59 PM UTC