Impact of COVID-19 on product usage
Impact of COVID-19 on advertising revenue Overall, the company's advertising revenue in March was affected by the epidemic, but its non-advertising business was not affected. The advertising business grew strongly in the first two months of 1Q, but fell significantly in March. Affected by the epidemic, the company delayed the launch of advertising product functions, giving priority to supporting customers and merchants, and announced last week that merchants can use Google Shopping to display products for free. The company is confident in revenue recovery: because search is the best way to ROI, it is easy to pause and start; the company's revenue is increasingly diversified, such as cloud computing, which is relatively unaffected by the epidemic. G suite customers exceed 6 million. There are 2.5 billion monthly active Play devices worldwide. Financial Performance: At the company level, total revenue was $41.2 billion, up 13% year-on-year, and up 15% year-on-year after removing the impact of exchange rates. Growth was driven by search, YouTube, and cloud computing. Advertising revenue was negatively affected by the COVID-19 pandemic. Total costs, including TAC, were $19 billion, up 19% year-over-year, and other costs were $11.5 billion, up 26% year-over-year, mainly affected by Google's cost growth, including data center and other operating expenses and content expense amortization. Operating expenses were $14.2 billion, with headcount growth being the largest driver of growth in R&D and marketing expenses. Operating profit was $8 billion, down 4% year-on-year. Excluding the impact of the EU fine, operating profit margin was 19%. Net income was $6.8 billion, or $9.87 per share. Capital expenditures were $6 billion, operating cash flow was $11.5 billion, free cash flow was $5.4 billion, and cash and marketable securities were $117 billion. Google's business revenue was $41 billion, up 14% year-on-year. Google search and other revenue was $24.5 billion, up 9% year-on-year, reflecting strong growth in the first two months and a year-on-year decline of more than ten percentage points in March. Despite the increase in user searches, commercial search interest has declined, which in turn has affected search advertising revenue. YouTube's advertising revenue was $4 billion, up 33% year-over-year. In the first two months, both brand and performance advertising revenue grew strongly. Brand advertising began to come under pressure in mid-March, while performance advertising remained strong throughout the quarter. Affiliate advertising revenue was $5.2 billion, up 4% year-over-year, with healthy year-over-year growth in the first two months and a low double-digit decrease in March. Google Cloud revenue was $2.8 billion, up 52% year-over-year. GCP grew significantly, G Suite remained strong, and the number of seats and per capita revenue contribution continued to grow. Google's other revenue was US$4.4 billion, up 23% year-on-year, mainly from Youtube's non-advertising revenue (membership growth) and Play. TAC was $7.5 billion, accounting for 22% of total advertising revenue, up 9% year-over-year. TAC's share of advertising revenue has slightly decreased year-over-year, reflecting the growth of Google's on-site advertising. Google's business operating profit was $9.3 billion, up 1% year-on-year, with an operating profit margin of 23%. Other Bets business had revenue of $135 million, mainly from Fiber and Verily, and an operating loss of $1.1 billion. |
>>: In addition to cleanliness, giving the elderly a bath has unexpected benefits!
Everyone is familiar with the word spasm, just li...
Pregnant women are often confused during their fi...
Although gynecological inflammation is difficult ...
Normally, women can eat more vitamin one to play ...
In recent days, several friends asked Huazi the s...
The hot summer is here again. For children, altho...
Female sterilization is a relatively effective co...
In the past two days, no matter which webpage you...
Chorionic gonadotropin is a common drug in the tr...
The actual effect of traditional Chinese medicine...
Vans can be seen everywhere. Many people use them...
Drinking water after getting up early can help th...
There are many ways to nourish and protect the li...
As a flower with strong ornamental value, the hig...