EGG 4.13% $1.26 enero group limited

Ann: Annual General Meeting CEO Address, page-17

  1. 4,084 Posts.
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    Difficult to make a link between Google problems (just announced a large firing plan) and OB Media results.
    Given the focus of OB Media on search engines, Google is probably OB Media's main customer.
    However, there is no obvious link between Google search struggle to grow (last published quarterly results showed an increase of only 4 % yoy for Google search revenues) and OB Media growth.
    As explained in FY 22 Enero's annual report, OB Media enables Google to get access to new customers.

    During the last known earning period (July-Sept 22), the OB Media related division had still a solid growth ("the creative technology segment has continued its strong financial performance over the quarter"), despite a limited increase of Google search revenues during the same period.
 
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