Listened to today’s Opie & Anthony show on XM Satellite Radio (and various CBS stations nationwide) and right near the end of the broadcast, rising YouTube star Tay Zonday of Chocolate Rain called in. Naturally, I just had to post it:
A little insight into the mind of the Chocolate Rain man.
Google stock has plummeted on what the market is calling a bad earnings report, falling over $46 in after-hours trading. GOOG fell from a closing price of $548.59 to around $502.47, an 8% drop that wiped out $13 billion in shareholder value.
Reuters called the earnings report “disappointing”.
Jeffrey Lindsay, analyst at Sanford C. Bernstein, says Google is blowing it on expenses, spending too damn much money. “These guys have been spending like drunken sailors.”
Google CEO Eric Schmidt, displaying an incredible amount of arrogance or insularity (pick one), acted in a statement like Google didn’t slip at all. While yes, the market is over-reacting, it is still reacting to a down quarter, and to not notice that it was a down quarter is just stupid.
Google’s earnings for the second quarter are out.
The summary: Revenue up 58%, profits down from the previous quarter in every possible way. Earnings per share was $2.93, missing the consensus estimate of $3.10. Google is growing, but profit margins are shrinking.
Also, AdSense has stopped growing entirely. There was zero growth from last quarter, with AdSense continuing the trend of becoming a less-important part of Google’s business. AdSense brought in $1.35 billion, but Google paid out 78.51% of that, keeping a scant $290 million. Within the next year, if Google doesn’t find a way to improve AdSense, expect revenue to begin shrinking.
The data:
Revenue: $3.87 billion, up 58% from the second quarter of 2006, up 6% from the first quarter of 2007
GAAP operating: $1.10 billion, 29% of revenues, down from $1.22 billion, or 33% of revenues, in the first quarter of 2007.
Non-GAAP operating income: $1.35 billion, 35% of revenues, down from $1.41 billion, or 38% of revenues, in the first quarter of 2007.
GAAP net income: $925 million, down from $1.0 billion in the first quarter of 2007
Non-GAAP net income: $1.12 billion, down from $1.16 billion in the first quarter of 2007.
GAAP Eearnings Per Share: $2.93, down from $3.18 for the first quarter of 2007
Non-GAAP Eearnings Per Share: $3.56, down from $3.68 in the first quarter of 2007.
Traffic acquisition costs: $1.15 billion, 30% of ad revenues, a decrease from 31% in the first quarter.
Stock based compensation was $242 million, up from $184 million in the first quarter of 2007.
Google-owned sites: $2.49 billion, or 64% of total revenues, a 74% increase over second quarter 2006 revenues of $1.43 billion and a 9% increase over first quarter 2007 revenues of $2.28 billion.
Google AdSense: $1.35 billion, or 35% of total revenues, a 36% increase over revenues of $997 million generated in the second quarter of 2006 and approximately flat with first quarter 2007 revenues of $1.35 billion.
Payments to AdSense publishers: $1.06 billion, or 78.51% of AdSense revenue.
Paid Clicks increased approximately 47% over the second quarter of 2006 and remained approximately the same as the first quarter of 2007.
International Revenues totaled $1.84 billion, representing 48% of total revenues in the second quarter, compared to 42% in the second quarter of 2006 and 47% in the first quarter of 2007.
Operating Expenses: $1.21 billion in the second quarter of 2007, or 31% of revenues, up from $972 million in the first quarter of 2007 or 27% of revenues.
Payroll: $625 million, up from to $506 million in the first quarter of 2007.
Income Taxes: 25.5%
Cash on hand: $12.5 billion.
Employees: 13,786, up from 12,238 in March.
The press release, after the jump:
Looks like I caught something last night in my Chocolate Rain post that I didn’t even realize was a new feature. YouTube now lets you embed a customized player. Take a look:
Lots of stuff in there. You can choose the color of the band surrounding the player. You can use a single video player or a playlist player. The player is considerably larger than the standard player, even in single video mode. You can embed any video, embed your favorites, or embed any playlist. You can save the player, and if you edit it in the future, anywhere you embedded it will be updated. If you embed a playlist, you can post new videos to the playlist, and they’ll automatically appear in your player.
I love this, and I love the possibilities. I’m going to start posting here every day the top YouTube videos of the day. If you have a video you think I should add (even your own videos), just leave a comment or send it to my YouTube account.
Google has shut down its Related Links product, which displayed related web pages, searches and news to the page it was on. Webmasters could use it to add some content to their pages, plus it gave Google some extra visibility, but apparently the service just wasn’t popular enough for Google to keep around. Google shut it down two months ago without telling anyone (bad Google!), replacing the boxes with simple Google search boxes, which look like this:
Yeah, that doesn’t look silly.
Anyway, most of what Related Links did can be replaced by the AJAX API, so if you need it, try that out.
Now, sing Sarah McLaughlin’s “I Will Remember You” (play the YouTube video on the right) and remember the short life of the Related Links box:
Google Releases Related Links - April 4, 2006
Google Related Links With Ads - April 5
Google Related Links Now Even More Useable - May 7
Google Video Added To Related Links - August 14
While perusing YouTube last night, I noticed the thumbnails for all the YouTube videos had all of a sudden switched from the regular standard dimensions to more of a widescreen size. You can see the change in the screenshot, something Gizmodo noticed, too.
While the rest of the interface hasn’t really changed to take advantage of the shorter thumbnails, and these are widescreen thumbnails of non-widescreen videos, it would seem to indicate that YouTube is finally looking at doing actual widescreen, especially considering devices, like the iPhone, which view YouTube videos on widescreens. It would make sense for YouTube to finally get the player to fit the videos, and not waste space on black bars.
Oh, and when did YouTube start letting you do this:
UPDATE: Looks like I stumbled on a new feature. Details here.
Today’s mission is to find out where Nicky Parsons, Treadstone’s old Logistics Coordinator, is located, since Bourne is trying to meet up with her. The answer is somewhere in her Dater Notes profile.
The pictures don’t do anything in the Image Filter, so that’s not it.
Ah, it’s so obvious! One of her photos has a caption of a place. Enter the name of that place in Google, and you’ll see where it’s located (starts with a “T”). Enter the place in the message transmitter, and you’re done.
You should get four cameras to place, and your goal is to catch Bourne before he leaves the city. I still have no idea how the sightings thing works, so I placed cameras at Gare d’Austerlitz, Pont Neuf, 3 Rue Jarente, and 142 Rue Montmartre. Anyone want to explain where the sightings clues are?
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