Business
Is Google’s Empire Crumbling? Or Is This a Good Opportunity?
By wealthfor.us  •  November 27, 2024
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...
Read the full article
By wealthfor.us
We at Wealthfor.us are on a mission to empower you to achieve financial well-being. Wealthfor.us is a platform for learning about investing, personal finance, and wealth building.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance