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Excellent preview, interesting points the market has shrugged off scandal on GOOGL first with the massive EU fine and further potential there and secondly the advertise threats regarding the YouTube TV. Mind you I tend to agree on the latter, if anything it was a great free advertising plus for the TV channel!
The dominance of our lives through these companies is scary and throw in the whole ‘fake news’ narrative and I am off to read my pig eared copy of Animal Farm. Have a good weekend all 🙂
[quote=”Helmholtz Watson” post=210]Excellent preview, interesting points the market has shrugged off scandal on GOOGL first with the massive EU fine and further potential there and secondly the advertise threats regarding the YouTube TV. Mind you I tend to agree on the latter, if anything it was a great free advertising plus for the TV channel!
The dominance of our lives through these companies is scary and throw in the whole ‘fake news’ narrative and I am off to read my pig eared copy of Animal Farm. Have a good weekend all :)[/quote]
Great points there and thank you for your feedback. The people should be admonished for letting the dominance continue but they are so entwined there is no such recognition as such. Google are great at pushing the limits and they’ll do what the authorities let them do.
[quote=”Assistanc3″ post=226]we learned nothing of the banks TBTF[/quote]
The is no fear and apparently the world is saved by social media companies with exorbitant PE’s – if they have profits. All these users and how many are either real or actually productive? Maybe a few fines are in order for wealth distribution ?
Google said second-quarter earnings were $5.01 a share, down 28% from a year ago, with revenue rising 21% to $26 billion. Excluding the one-time charge, Google said it earned $8.90 per share.
Google recognized the non-deductible $2.74 billion European Union fine in its results, lowering profit. A year earlier, Alphabet earned $7 a share on sales of $21.5 billion.
Analysts polled by Thomson Reuters expected Alphabet to report profit of $4.47 per share, reflecting the EU fine, on sales of $25.64 billion for the period ended June 30. Excluding the EU fine, consensus estimates had been $8.25 per share.
Google’s traffic acquisition costs (TAC) were higher than expected.
TAC rose 28% to $5.09 billion. Analysts had estimated TAC of $4.74 billion, up 19% from $3.97 billion a year earlier. Rising TAC costs could be tied to renewal of a search deal with Apple (AAPL).
Some more: With the EU fine EPS dropped to $5.01 from $7 last year, despite a 21% rise in revenues.
There was a 52% annual growth in aggregate paid clicks
Aggregate cost-per-click dropped 23%.
TY for the updates Boss – The expense of buying customers spooking them and as CI said buy the rumor sell the fact. Quite the fine from the EU when you see it up against the massive earnings.
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