What to Expect from Google's Earnings Reports?
Bernstein analysts say Google is "set up for the 4th quarter of 2020".
In a briefing shared last week, they wrote that Google should take advantage of new digital product searches in shopping malls. They also underlined that due to Apple's changes to increase user privacy, in-app advertisers should see some advantages when switching to Google.
Analysts added that YouTube engagement continued to climb in the fourth quarter. They stated that the acceleration of advertising and shopping units in areas such as YouTube Select will play an important role in revenue growth.
Google said search revenues increased 6 percent in the third quarter of 2020.
This shows that there is a sequential improvement in August and September, after the modest improvement that started in July.
Barclays pointed out in its fourth quarter earnings reports that the company's determining factors will be its strength on search and YouTube.
Will the company be able to make investors happy by including YouTube revenues and revenues from cloud services in the report, which investors and analysts have been eagerly awaiting for a long time?
They added, "We expect search revenue growth of 12 percent for the fourth quarter."
What to Expect from Google's Earnings Reports?
Source: https://www.cnbc.com/
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