Who doesn’t know Google? Most of us use the term ‘googling’ to refer to ‘searching online.’ Yeah, that’s how popular Google is. However, Google’s stock price has not done too well recently. Google underperformed its ‘Magnificent 7’ peers.
Google’s Revenue Sources
Google just
reported its Q3 2024 earnings result, which was great as usual. Revenue increased by 15% YoY, and EPS increased by 37% YoY.
Here we break down Google’s primary revenue sources (in millions):
|
Q3 2023 |
Q3 2024 |
Change YoY% |
Google Search |
$44,026 |
$49,385 |
+12.2% |
Google Network |
$7,669 |
$7,548 |
-1.6% |
Google Subscription |
$8,339 |
$10,656 |
+27.8% |
Youtube |
$7,952 |
$8,921 |
+12.2% |
Google Cloud |
$8,411 |
$11,353 |
+35% |
Most of them grew at a very healthy double-digit year over year. This is a sign of a healthy and growing business. And if we convert those revenue numbers as a percentage of total revenue, here is the breakdown:
We can see that
Google Search is still the primary revenue source for Google, accounting for 56% of its total revenue. Despite their strong growth, the other revenue...