Google and Microsoft both released earnings statements last night and both were impressive. Alphabet reported Q3 revenue of $65.1B, up 41% year over year with net income of $18.9B, which was up from $11.2B year over year. Microsoft reported Q1 revenue of $45.3B, up 22% year over year with net income of $20.5B, which is up 48% year over year.
On the ad side, Google year over year was up 43%, from $37,095 to $53,130 and from what I can tell, Microsoft’s advertising business was up 40%, Microsoft wrote Search and news advertising revenue excluding traffic acquisition costs increased 40% (up 39% in constant currency).
Both seem to have seen little to no impact from the Apple tracking privacy changes.
Meanwhile, Google’s stock (GOOG) is trading down in pre-market hours and Microsoft’s stock (MSFT) is trading up in pre-market hours.
These two companies just keep printing money and growing
Forum discussion at WebmasterWorld.