Google finds its mojo again in Q2 earnings call

After Google’s lacklustre performance in Q1, there were high expectations on the First earnings call for new CFO, Ruth Porat, and the search giant didn’t disappoint.

Revenues of £17.7BN in the quarter equated to 11% YoY growth,mostly attributed to an impressive 18% YoY increase in paid clicks.

Allegedly mobile and YouTube are delivering good growth, despite average aggregate CPCs continuing to decline. The devil’s in the detail here:

  • YouTube usage and clicks are heavily on the up with a 60% YoY increase in watch time heavily off-setting watch time.
  • “Mobile CPC is up and desktop CPC is not declining,” Porat says.

Furthermore, we’re seeing the business exercise stronger costs control with a QoQ decline in expenses.

You can find the full press release here.

Unsurprisingly, the share price rose heavily in after-hours trading.

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