• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Tech News

Google’s earnings fall short as YouTube revenues disappoint

...the company reported $11.99 billion in traffic acquisition costs

Olumide Adesina by Olumide Adesina
April 27, 2022
in Tech News
Google says it blocked 348 million ads in 2022 for violating its policies
Share on FacebookShare on TwitterShare on Linkedin

In the first quarter of this year, Google’s revenue was $68.01 billion, a 23% increase from last year. It’s a slowdown from 34% growth during the first quarter of 2021, when the economy was recovering from the COVID-19 pandemic.

Analysts had expected YouTube’s ad revenue to exceed expectations for the quarter. When users were mostly at home on their devices, the video site benefited particularly from the pandemic. The missed opportunity comes as TikTok captures an increasing share of the social media video market.

Investors reduced their exposure, as the stock of Alphabet, the parent company of Google went down 18% for the year as of Tuesday’s close. Alphabet shares fell after hours to their lowest since May 2021.

RelatedStories

Google rolls out Veo 2 AI video generator for Gemini Advanced subscribers globally  

EU publishers file antitrust complaint against Google as AI overview threatens revenue 

July 4, 2025
Google BOLD internship program opens applications for 2025 

Google to shut down Android Instant Apps by December 2025 due to low usage 

June 13, 2025

What they are saying

Ruth Porat, CFO of YouTube, said on the analyst conference call that direct response ads experienced ‘modest growth’. “The deceleration is largely a result of the strong first quarter of 2021,” she said.

On the call, Sundar Pichai told investors that YouTube’s TikTok competitor now has 30 billion views per day, which is double what it had during the prior quarter and four times what it had during the year before.

Key highlights of the result

  • As more big enterprises migrate their workloads to the cloud, Google’s cloud business grew by 44% and surpassed estimates. Yet, the cloud division still lost money, generating a $931 million operating loss in comparison to $974 million a year ago.
  • The invasion of Ukraine halted Google’s Russian operations during the quarter. In the European region, including the Middle East and Africa, revenue growth slowed to 19% in the first quarter from 33% a year earlier.
  • With revenues of $440 million from $198 million, Alphabet’s other businesses, which include its life sciences businesses and self-driving car unit Waymo, increased nearly twofold. There was a slight increase in losses to $1.15 billion for the unit.
  • As expected, the company reported $11.99 billion in traffic acquisition costs, the metric used to show how much it paid other websites to acquire traffic.
  • Google generated $6.81 billion in other revenue, including revenue from hardware, the Play Store, and non-advertising YouTube videos.

Follow us for Breaking News and Market Intelligence.
Tags: Google
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Google rolls out Veo 2 AI video generator for Gemini Advanced subscribers globally  
Sectors

EU publishers file antitrust complaint against Google as AI overview threatens revenue 

July 4, 2025
Google BOLD internship program opens applications for 2025 
Sectors

Google to shut down Android Instant Apps by December 2025 due to low usage 

June 13, 2025
New AI tool could cut cost of brain tumor diagnosis for millions in Nigeria 
Sectors

Google, Meta push for AI sovereignty at Africa Soft Power Summit 2025

June 2, 2025
Google
Sectors

Google rolls out AI Max globally, targets African businesses 

May 7, 2025
Google BOLD internship program opens applications for 2025 
Education

Google opens applications for Software Engineering Apprenticeship in Paris 

April 29, 2025
OpenAI , ChatGPT
Sectors

OpenAI considering buying Google’s Chrome browser – ChatGPT Chief 

April 22, 2025
Next Post
Independence: Nothing worth celebrating, Igbo Presidency won’t put food on people’s tables – Peter Obi

2023: Peter Obi pushes case for a consensus candidate in PDP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • $1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 
  • Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 
  • LASEPA shuts Mania Lounge, Voda Beach Club, and others for persistent noise pollution 

Follow us on social media:

Recent News

$1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 

$1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 

July 6, 2025
Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 

Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics