Yesterday was a busy day for tech financial results, to say the least. Amazon reported that its Q3 net sales were up 29% year-on-year to $32.7bn, with the company posting a net profit of $252m.
Unsurprisingly, there were no early figures for Amazon’s new Music Unlimited service, or wider stats for sales of its Echo devices or Prime memberships. More than 250,000 people have proposed marriage to its Alexa voice assistant though. ¯\_(ツ)_/¯
Meanwhile, Google’s parent company Alphabet reported $22.5bn of revenues in Q3, up 20% year-on-year, with a net profit of $5.1bn.
Analysis of the results has focused on the declining value of ‘clicks’ (arguably as much ‘taps’ nowadays) on Google ads: cost-per-click fell by 11%, although the aggregate number of paid clicks grew by 33% to compensate.
Again, no new stats of note for YouTube: its official visitor figure remains at “more than one billion” while CFO Ruth Porat said that “YouTube revenue continues to grow at a very significant rate” without breaking out the actual numbers.
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