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Wonder what the $ loss per second is…
by michaelgiba 4y ago
Wonder what the $ loss per second is…
- World177 4y agoFrom their recent 10Q for investors, they list a revenue of $7.8 billion for "Google Network" in revenue for the preceding 3 months before September 30, 2022 [1] There are 90 days in 3 months, so their revenue for a day is approximately $7.8 billion / 90 days = ~$87 million/day $87 million / 24 hours = ~$3.64 million/hour $3.64 million / 60 minutes = ~$60,740 thousand/minute $60,740 thousand / 60 seconds = ~$1,012/second And, depending on their agreements with their advertising partners, they might be liable for some of the profits lost by their partners. [1] https://abc.xyz/investor/static/pdf/20221025_alphabet_10Q.pdf https://abc.xyz/investor/static/pdf/20221025_alphabet_10Q.pd... edit: It was initially using the wrong row, it should be correct now.
- jsnell 4y agoI don't think that's the right number to look at, given search ads aren't down. You probably want just the "Google Network" line item, which is about 1/6th of that number.
- World177 4y agoYou are correct, I just misread it. edit: It should be fixed now.
- celestialcheese 4y agoExactly. Although this is likely one of the biggest days of the year for display and video advertising, so it'll be likely more than 1/6 of $25m/hr.
- celestialcheese 4y agoIt doesn't look like it's affecting their search ads (or if it is, it's not fully down for them), so not the full advertising revenue of GOOG. But it's still likely tens of millions per hour.