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Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another qu

Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.

empath-nirvana 3y ago
The iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.
- paulpauper 3y ago
  ppl been saying this for the past decade. There is nothing even close on the horizon to replace Google ads or search. Even if Chat GPT gains some traction for search, which is unlikely, it's not a threat at all to Google's mobile ads dominance. Despite endless promotion for the past 12 years, hardly anyone uses Duck Duck Go.
- wangii 3y ago
  couldn't agree more. From another point of view, it's time to end the dominance of company G, it has been killing the internet for too long: google ads are now just G tax.
- impulser_ 3y ago
  The iPhone was instantly taking market share from BlackBerry from release. By 2011 they already had ~20% of the market share. The same market share they hold today. Google still hold a dominate position in Search with ~85% of the market share. The same market share they had for the past decade. No one is taking the market from them. Their Ads business has more competition that every before, yet it still a growing business. The only company that has taken significant share from that has been Meta and that has slowed significantly for the past 3-4 years now. So who is going to destroy Google's business like the iPhone did to BlackBerry? You can't build a significant Ad business overnight and Ads aren't going anywhere. Google has more 1 billion users application than any other company in the world most of them are contain Ad space for them to sell. The only threat to Google is Meta and again Meta hasn't been a threat for the past 3-4 years.
paulpauper 3y ago
even the Oracle of Omaha himself regrets not investing . he should have bought Google instead of IBM. oh well, everyone makes mistakes, even the GOAT
antisthenes 3y ago
I hope people understand that their profits come as a result of monopolistic abuse and pitting advertisement buyers against each other in a bidding war. We are all paying into Google coffers a tiny bit. Maybe it's not a zero-sum game, but it's not an unlimited-sum game either. Google is doing this at the expense of the general public, through hundreds of mini-dark patterns designed to extract data and sell it back to us, at a markup (in dollars or attention). The business may be impressive from the point of big numbers, but that's all it is. It stopped being impressive after the search quality has gone downhill and none of the other products panned out.
- mattlondon 3y ago
  > pitting advertisement buyers against each other in a bidding war. How else do you sell a limited resource that more than 1 person wants? On the other side of that bidding war is a publisher with an ad spot to sell. Sure Google takes a cut of that sale, but in every auction there is always a commission given to the auctioneer. No one is complaining about Sotheby's making a profit when they sell the latest Banksy painting for squillions.
huijzer 3y ago
On the other hand, YouTube ads revenue increased from 7,340 million to 7,665 million in respectively the quarters ended June 30 2022 and June 30 2023. That is a revenue increase of only about 4% even though they have added way more than 4% of ads in the last year! So maybe on paper it still looks great, but advertisers are definitely spending less. EDIT: Might also explain why they are obsessed with adblockers now on YouTube. Numbers have to go up in the next quarter again. I wonder whether accepting that the party is over might be a better long term strategy.
- gniv 3y ago
  Why use the June numbers? In the September quarter the yoy growth was 12%. There was definitely a relative slowdown as the world opened up after the pandemic. The comparisons from now on will be more relevant to the long-term growth prospects.
  - huijzer 3y ago
    Oh. Because I’m and idiot it seems! I have been looking at the wrong quarter. Thanks for telling me.

empath-nirvana 3y ago

The iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.

paulpauper 3y ago
ppl been saying this for the past decade. There is nothing even close on the horizon to replace Google ads or search. Even if Chat GPT gains some traction for search, which is unlikely, it's not a threat at all to Google's mobile ads dominance. Despite endless promotion for the past 12 years, hardly anyone uses Duck Duck Go.
wangii 3y ago
couldn't agree more. From another point of view, it's time to end the dominance of company G, it has been killing the internet for too long: google ads are now just G tax.
impulser_ 3y ago
The iPhone was instantly taking market share from BlackBerry from release. By 2011 they already had ~20% of the market share. The same market share they hold today. Google still hold a dominate position in Search with ~85% of the market share. The same market share they had for the past decade. No one is taking the market from them. Their Ads business has more competition that every before, yet it still a growing business. The only company that has taken significant share from that has been Meta and that has slowed significantly for the past 3-4 years now. So who is going to destroy Google's business like the iPhone did to BlackBerry? You can't build a significant Ad business overnight and Ads aren't going anywhere. Google has more 1 billion users application than any other company in the world most of them are contain Ad space for them to sell. The only threat to Google is Meta and again Meta hasn't been a threat for the past 3-4 years.

paulpauper 3y ago

even the Oracle of Omaha himself regrets not investing . he should have bought Google instead of IBM. oh well, everyone makes mistakes, even the GOAT

antisthenes 3y ago

I hope people understand that their profits come as a result of monopolistic abuse and pitting advertisement buyers against each other in a bidding war. We are all paying into Google coffers a tiny bit. Maybe it's not a zero-sum game, but it's not an unlimited-sum game either. Google is doing this at the expense of the general public, through hundreds of mini-dark patterns designed to extract data and sell it back to us, at a markup (in dollars or attention). The business may be impressive from the point of big numbers, but that's all it is. It stopped being impressive after the search quality has gone downhill and none of the other products panned out.

mattlondon 3y ago
> pitting advertisement buyers against each other in a bidding war. How else do you sell a limited resource that more than 1 person wants? On the other side of that bidding war is a publisher with an ad spot to sell. Sure Google takes a cut of that sale, but in every auction there is always a commission given to the auctioneer. No one is complaining about Sotheby's making a profit when they sell the latest Banksy painting for squillions.

huijzer 3y ago

On the other hand, YouTube ads revenue increased from 7,340 million to 7,665 million in respectively the quarters ended June 30 2022 and June 30 2023. That is a revenue increase of only about 4% even though they have added way more than 4% of ads in the last year! So maybe on paper it still looks great, but advertisers are definitely spending less. EDIT: Might also explain why they are obsessed with adblockers now on YouTube. Numbers have to go up in the next quarter again. I wonder whether accepting that the party is over might be a better long term strategy.

gniv 3y ago
Why use the June numbers? In the September quarter the yoy growth was 12%. There was definitely a relative slowdown as the world opened up after the pandemic. The comparisons from now on will be more relevant to the long-term growth prospects.
- huijzer 3y ago
  Oh. Because I’m and idiot it seems! I have been looking at the wrong quarter. Thanks for telling me.