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1/ Notes from $GOOG 2Q'20 Call
"Our revenue declined on a reported basis"-What an unlikely sentence to hear in an GOOG earnings call
Search is the main culprit behind the decline; non-ad segments couldn't offset search's impact.
Other bets: $148M revenue, $1.1 Bn loss
"Our revenue declined on a reported basis"-What an unlikely sentence to hear in an GOOG earnings call
Search is the main culprit behind the decline; non-ad segments couldn't offset search's impact.
Other bets: $148M revenue, $1.1 Bn loss
2/ Sundar is also making a pitch on India.
With US's acrimonious relationship with China, I cannot help but think India has to be US's biggest ally for next 10 years in the world. Democratic, capitalistic, and amazing depth of talent pool and consumer market.
*I'm not Indian.
With US's acrimonious relationship with China, I cannot help but think India has to be US's biggest ally for next 10 years in the world. Democratic, capitalistic, and amazing depth of talent pool and consumer market.
*I'm not Indian.
3/ GOOG now automatically deletes location history, and web and app activity after 18 months. That's default now.
Like $FB, $GOOG is also focusing on shopping. It's too big a market to just concede to $AMZN.
Like $FB, $GOOG is also focusing on shopping. It's too big a market to just concede to $AMZN.
4/ Peak Google Meet participants was 600 million.
Also, a small update on Waymo.
Also, a small update on Waymo.
5/ "G-suite maintained a healthy growth in average revenue per seat, as well as in seat growth..."
Other bets revenue primarily driven by Fiber and Verily
Repurchased $6.8 bn stock this quarter vs $15 bn in Q2'19.
Other bets revenue primarily driven by Fiber and Verily
Repurchased $6.8 bn stock this quarter vs $15 bn in Q2'19.
6/ A sizable cost is not correlated with revenue, and GOOG chose to keep investing despite pressure on topline.
End/ Q&A is full of non-answers and platitudes. Hardly anything useful there.
RBC's Mahaney is asking the right question, but don't think there is anything to worry about yet.
RBC's Mahaney is asking the right question, but don't think there is anything to worry about yet.
