rich problem – convergence between Javam and the encryption Checked every day a little more, whether Facebook’s ambitions – meta – in the metaverse, from Apple in NFTs and of course from Google in various projects related to the blockchain. And when the market encryption Coughing in winter, Silicon Valley giants are also coughing. It’s third quarter financial results season and so we know thatthe alphabet – Google’s parent company – A’s records discount from its growth. Yes, you read correctly, when the California giant has financial concerns, it is because of the increase in his estate Revenues Slower. Everyone has their problems!
Google’s growth is slowing
By the end of this monthOctober, Third-quarter results of US companies are of particular interest from financial markets. When searching for the slightest sign of better or worse, the observers They are waiting for those Numbers Impatient, but also anxious when the situation is complicated. It is in this context thatthe alphabet released its earnings for the third quarter – As the Americans say – And they are not valid.
So, of course, we have to set the record straight. The company is, in fact, simply recording an increase in its income 6% Compared to the same period last year, which is still its worst result since then 2013. Published revenue this quarter is 69.1 billion vs 65.1 The last year. And compared to the second quarter of this year, we also see a decrease in the ranking 500 million of dollars. So there is a clear slowdown and encryption They are not there for nothing.
Crypto and finance, less and less advertisements for the sector
Invited to comment on his company’s results in The media Specialists, Google Commercial Director, Philip Schindel He wanted to put these numbers in context:
“We have seen a decrease in spending by some advertisers in certain search areas. Particularly a decrease in the sub-categories of Insurance, Loans & Mortgage, and Cryptocurrency.”
Because yeah, I get it, it’s with Advertising That Google generates the majority Revenues. and platforms like YouTube – Owned by Alphabet Lost clients in the cryptocurrency sector. Observers agree that the sharp decline in Bitcoin price And cryptos are a big plus suspicion Macroeconomic causes companies to seriously cut back in terms of budget Advertising. And this is howthe alphabet pay the price finally For this change in the economic paradigm.
Should we worry about the Mountain View giant? Admittedly, the share price has fallen by 7.5% The next day to post, but for all that the alphabet Kidney candor is strong enough to withstand this bad patch. regarding the sector Digital currenciesPerhaps the decrease in ad spending is only temporary, there is no doubt about that The Google Will happily surf on the market recovery when it picks up again. Meanwhile, he doubles his incursions into blockchainsometimes with bitcoin payments in mind and sometimes with Ethereum under the magnifying glass its search engine.
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