Google Earnings: Profitability Disappoints Even As Revenue Grows

The markets reacted a bit negatively to the results as the stock was down by over 2% in the aftermarket trading hours. Pricing pressure on online ads continued to drive a 4% year-over-year decline in cost-per-click. However, aggregate paid clicks, which represent the number of ads served across Google properties, grew by 17% year-over-year.