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by stephenr
1965 days ago
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Why is anyone surprised when an advertising company stops supporting the flavour of the week side projects? For the final quarter of the 2020 financial year, ~81% of Alphabet's revenue was from advertising. They don't break things out much in their financial reports, it's essentially "Google Services" (the only profitable entry), Google Cloud, "Other bets" and corporate. The final three all lose ~$1B+ a quarter. In the only breakout that has a profit (the vaguely named 'Google Services'), 87% of the revenue is from advertising. There's no indication of what % of the profits are from search, the "apparently not advertising" part of that breakout generates 13% of the revenue, but might easily be generating just 1% of the profit. So, once again: Google is an advertising company. Everything else is a little side act, and just as likely to be dropped, because Ads are the only thing Google has ever worked out how to make money from. |
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