FT News Briefing Google’s big Q1, how to craft a New Deal for the young
Apr 28, 2021
Google's remarkable first quarter earnings highlight a surge in advertising revenue, particularly on YouTube. Meanwhile, the global IPO market is experiencing a record pace, reminiscent of the mid-90s boom. FT columnist Sarah O’Connor discusses the pandemic's disproportionate impact on millennials and Gen Z, emphasizing their struggles in housing and job markets. The podcast also explores potential policies for better supporting young people, inviting listeners to engage and contribute their ideas for a brighter economic future.
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Google's Q1 Boom
- Google's Q1 profits soared by 162%, driven by pandemic-induced shifts.
- Lockdowns fueled online activity, boosting ad revenue from search, YouTube, and shopping.
Digital Commerce Growth
- Retailers shifted to digital commerce during lockdowns, benefiting platforms like Amazon and Google.
- Google's search engine and YouTube advertising performed exceptionally well, driving growth.
Google's Data Strategy
- Google is adapting to regulatory scrutiny by changing its data collection practices.
- This could strengthen its position as one of the few companies with direct user data relationships.