Fab announces its financial report, the first in 2019 with slow growth

مهرجان الجوال في سوق السعودية

الفابت تعلن عن تقريرها المالي الاول في 2019 مع نمو بطيءFab announces its financial report, the first in 2019 with slow growth

Fab announces its financial report, the first in 2019 with slow growth

I know the company fab, the company it’s Google, I know about recording a 17% increase in revenue year on year, the slowest growth in 3 years.

In its earnings report for the first quarter of the current year, the company confirmed the challenges of monetization funds via Google and YouTube, besides a fine large recent cooperation with the European Commission amounted to $ 1.7 million .

Processing of Ramadan in the Saudi Arabia market

Total revenue in the last 3 months 36.33 million, while net income was $ 6.6 million for the quarter, for comparison, the company achieved a fab 39.27 million in revenue and 8.94 million in net income in the fourth quarter of fiscal year 2018 .

The report noted that paid clicks on ads Google, have decreased by 9% from last quarter, as weak sales of phones Pixel camera produced by the company, due to intense competition in the industry.

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