Google Earning Q1 2024 [pdf]

Post by marcosdumay » Thu, Apr 25, 2024, 11:48 PM UTC

sharadov wrote: post #100

darkwizard42 wrote: post #37

Earlier quoted context omitted.

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.

You have no idea of Whatsapp's marketshare in India - all small businesses use Whatsapp for all communication and even take payments. That's a 1.4B population.

Post by marcosdumay » Thu, Apr 25, 2024, 11:54 PM UTC

abadpoli wrote: post #29

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…

Seems like a situation where it’s worth it to be cognizant of your bubble. I don’t know exactly what you meant by “our demographic”, but I’m a frequent reader of HN, work in tech, and generally stay up to date with all things tech, and yet… I don’t know if a single person that doesn’t still use Google as their go-to place for information. Before this comment I had never even heard of Perplexity or You.com. /shrug

Post by aworks » Thu, Apr 25, 2024, 11:55 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 smgit » Thu, Apr 25, 2024, 11:59 PM UTC

swader999 wrote: post #123

AnotherGoodName wrote: post #118

Earlier quoted context omitted.

I personally think this line of thought is due to people just not accepting how profitable advertising is to the end business. We're taking a clear and massive increase in profits that dwarf advertising costs. People don't advertise on meta/Google because they are duped by bots or some conspiracy between ads marketplace and marketing teams to hide the fraud. They advertise because their bottom line goes up and it's c…

Maybe, but I can't remeber an add I've seen, much less clicked on in the last week. You?

Post by blobbers » Fri, Apr 26, 2024, 12:04 AM 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…