Google UK revenues take a dip in Q2
Comments(2) Rather like an intrepid local reporter who cares about nothing unless it involves something on his patch, I always start my look at the Google quarterlies by looking at the UK revenues. While most of the industry has been talking about slowdown in growth -the figure that’s been in my mind is their record breaking Q1 performance of $803m. Would they beat it this time round?
Well – apparently not. This may well have been picked up elsewhere, but according to friday’s result – they were at $774m. Still 29% up year on year; and frankly closer to the trend you’d expect from their freakishly strong Q1 figure. But – as the figures show, their year on year figures are starting to calm a little.
Possibly a result of a drop in the pound?
I’d be cautious about overinterpereting this – but it’s now such an important indicator for the state of the UK market. It’ll be interesting to see where the IAB’s half-yearly figures end up.
Simon, this is Matteo from YTS. You wrote about our video discovery app for Facebook at MMF 07.
Interestingly enough, a friend from Google UK sales who just last year was expecting 4-5 years of “unrestrained” growth, just confessed me she is about ready to leave the company.
BTW, we are (very) close to talking about a new technology we have developed that harnesses data buried in social networks to enable massive web video monetization. Would love to give you a preview. You can contact me at matt AT ytsmedia DOT com.
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