First-quarter sales rose 11.9% year over year, landing at $689 million. Adjusted earnings fell from $0.33 to $0.29 per diluted share. The analyst consensus had called for earnings near $0.32 per share on top-line sales of roughly $680 million, so it was a mixed bag. That being said, the results exceeded management's guidance targets across the board.
Google controls access to audiences and digital advertising, capturing the economic value of journalism produced and financed by others without assuming the responsibilities that role implies. News outlets have been forced to reduce newsroom staff and scale back regional coverage, weakening oversight of political power and posing a concrete threat to media pluralism and, therefore, democracy.
"This sustained growth over the last five years is due to our ability to apply the 'techsoulogy' approach across all areas of the business. The combination of advanced proprietary technology with close, personalised attention, along with a strong commitment to innovation and knowledge, allows us to generate lasting value for our partners."
"What's interesting about this year's PIQ 10 isn't just who's in it but how dynamic it's become. Quality isn't fixed. It shifts as the web evolves and the publishers that consistently deliver strong experiences are the ones that stand out."
