5 ms·
Alphabet Second Quarter 2024 Results
- paxys 2y agoIt's wild that Youtube makes $8.7B in ad revenue a quarter, and adding in another $15B from subscriptions it is touching on $50 billion in annual revenue. Which is more than: * Netflix – $36.3B * Warner Bros Discovery – $40.57B * Paramount Global (ViacomCBS) – $30B * Disney Entertainment (excluding theme parks and sports) – $40.6B All without spending a single dollar on content creation.
- antaviana 2y ago“Only a moron would buy YouTube”, Mark Cuban, 2006
- asah 2y agoHe made his fortune on broadcast.com, notable only for its acquisition price.
- belter 2y agoYouTube advertising revenue: $8.66 billion vs. $8.93 billion expectations Google Cloud revenue: $10.35 billion vs. $10.20 billion expectations Percent increase in YouTube advertising revenue from Q2 2023 to Q2 2024 approximately 13.02%. Percent increase in Google Cloud revenue from Q2 2023 to Q2 2024 approximately 28.84% Edit: Updated to reflect correct numbers...
- refulgentis 2y agoI'm curious, is that $15B/year in youtube premium sourced? I've been deeply curious how that worked out, seems like a silent titan
- paxys 2y agoThey don't break out the numbers, but the $15B includes YouTube Premium, YouTube TV and YouTube Music (https://variety.com/2024/digital/news/youtube-q2-2024-ad-revenue-tv-spending-alphabet-google-earnings-1236081700/ https://variety.com/2024/digital/news/youtube-q2-2024-ad-rev...).
- fragmede 2y ago> All without spending a single dollar on content creation. YouTube paid out $70 billion to "creators, artists, and media companies" over the past three years. https://blog.youtube/inside-youtube/2024-letter-from-neal/ https://blog.youtube/inside-youtube/2024-letter-from-neal/
- Workaccount2 2y agoI don't think people are aware that the majority of a yt premium subscription goes to creators. Premium views also pay more than ad views to creators. Not that I want to shill yt premium, but youtube overall would be dramatically better if google was beholden to users rather than advertisers.
- doe_eyes 2y ago> I don't think people are aware that the majority of a yt premium subscription goes to creators Huh? Maybe Google can claim this through some very creative accounting, but the bottom line is that Google retains the vast majority of YouTube revenue; and that the vast majority of content creators on YouTube are not getting paid at all, because the requirements for monetization are pretty steep. That last part is deliberate, by the way: it allows them to keep a larger slice of the pie while running ads on all videos and showering a small sliver of celebrity content creators with piles cash. For me as a content consumer, YouTube is fantastic. For the average content creator, it's a miserable experience largely built on a lie.
- paxys 2y ago> but the bottom line is that Google retains the vast majority of YouTube revenue Do you have a source for that "bottom line"?
- Workaccount2 2y agoI'm not a partner, so I don't have an original copy, but the 55% figure is regularly stated by creators online. https://imgur.com/YjOHAAr https://imgur.com/YjOHAAr A verge article states this too: https://www.theverge.com/2024/3/28/24114031/youtube-shorts-partner-program-ad-sharing-revenue https://www.theverge.com/2024/3/28/24114031/youtube-shorts-p... (shorts pay 45%, longform 55%)
- metadat 2y agoThose are pretty crazy stats! Definitely impressive, hope the parties responsible for making it happen get their fair share of the spoils. It's also wild people still watch youtube so much. Ever since Elgoog dialed the YT ads up to 11, I'm always hesitant to watch anything without an ad-blocker (e.g. casted to a TV), and spend minimal time there these days. Previously I didn't bother with ad-blockers because the frequency was reasonable. I feel like they violated the pact of not turning it into a cable-tv like experience. I definitely no longer keep up with any of my subscriptions. Guess I'm not the target market :) No surprise there, hehe.
- RealityVoid 2y agoI have yt premium/Red, whatever they call it, and it's worth it, I think. It's always jarring when someone else uses youtube and I'm flooded by commercials.
- hasbot 2y agoI watch a lot of YouTube during the winter. I use uBlock Origin on my PC and never see an ad. There's a ton of useful content related to my hobbies.
- pixelatedindex 2y agoI combine uBlock with NoScript, and it’s life changing. YouTube has never loaded faster lol
- iamexcited 2y ago25% of youtube views are music, so add the revenue of Spotify to these, and it adds up
- refulgentis 2y agoIt's an odd feeling to have seen the rapid decline of QoL on the interior, know it was to drive margins back above 30% / $25B/quarter, leave because of it, then profit from it. Feels unethical. I guess that feeling is just having the dissonance of the nature of business in your face. Though I do hold that the decisions made to squeak out a couple extra % points will be crushing in the long run. Even just today: reality is Google is 4th place to OpenAI, Anthropic, and Meta in AI and its not really close. Each individual step is arguable, but the cracks are there. And leadership is too MBA-y/trend-following to do anything about it. Ex. through August '22 the line was there was going to be a special pot of increased raises to combat all the talent leaving for Meta. Then once Mark started firing, all that went far away, promo quotas to manager level were dropped to ~0, there's ceremonial cullings weekly, and its not of managers. Edit for child comment: I respect what you're saying: I'd advise its better to invite conversation, than say its all a simple binary option, especially in the face of me pointing out the same thing. Ex. morale is trash, outsourcing is rampant, virtually all new headcount is overseas, and _actual_ efficiency, productivity, is lower than it ever has been. The more simplistic view would advise companies could just fire 90% of staff and go into maintenance mode, but for some reason, they never do. Also, note that "efficiency" on HN arguments of this form means "get the managers / slackers out of the way" -- economic effiency means "profits are 0". Neither happened here. Never been a better time to be a manager, and slackers aren't going away, if their slacking was visible to managers, they would have been gone already.
- zooq_ai 2y agoIt's called supply/demand and living in reality. If GOOG stocks drops 30% relative to it's peers, a majority of them will leave ship. So, you can't reap the benefits of increased stock price and yet complain when companies get efficient
- arebop 2y agoThe complaint is not that Google is too efficient. It is that Google is achieving apparent improvements in efficiency by taking steps that improve the short-term metrics and have net negative long-term impact. So, OP is disputing the senior management claim that this cost base reengineering is legitimately "durable."
- noch 2y agoPrimary source: https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/20...
- deleted 2y ago[deleted]
- mymyairduster 2y ago[dead]
- prng2021 2y agoI just listened to their earnings webcast. It looks like it's going to be yet another earnings release season of tech companies spending billions on AI infrastructure with nothing to show for it. And they're promising continued levels of intense spending on compute. Sundar's comment was that it's better to overspend than underspend and fall behind the competition. Time to buy more NVIDIA.
- paxys 2y agoThe time to buy Nvidia was 6 months ago. At this point investors have already priced in many years of exponential growth.
- morepork 2y agoThe time to buy Nvidia was 5 years ago, and you would have had 30x gains (or even earlier). But the upside now does look more limited
- crazygringo 2y ago> with nothing to show for it AI and LLM features are everywhere in Google products, on top of just using Gemini itself. I have no idea what you mean. They have tons already to show for it, and presumably this is just the start.
- prng2021 2y agoTheir revenue grew 14% YoY. That's nothing special at all if you look at their historical top line growth.
- crazygringo 2y agoGoogle (Alphabet) is already the 4th largest company in the world by market cap. So, what -- you want to see their revenue grow by 50% or something in a single year? For mature companies of that size, that's not really a thing. I think your expectations for defining AI success may be a bit too high here.
- arebop 2y agoInteresting that investors don't care at all about the Waymo progress, judging by the q&a. Though, Tesla is definitely an AI market leader!
- NullHypothesist 2y agoThat's cause so many of them live in NYC and are oblivious to things that don't exist there
- panarky 2y agoPromises from a serial breaker of promises somehow justify triple the multiple of actually delivering a real product that does exactly what it says it does.
- ChrisArchitect 2y ago[dupe] Some more discussion on official release: https://news.ycombinator.com/item?id=41050218 https://news.ycombinator.com/item?id=41050218