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Epstein File EFTA00965419: Privilege and Google (DS9)

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This document contains financial analysis of Google Inc.'s consolidated gross revenue of $14.1 billion, representing 19% year-over-year growth but 2.7% below estimates of $14.5 billion. The analysis discusses softness in the Google Network and Google Segment net revenue of $10.1 billion, attributing underperformance to ad policy changes and network dynamics.

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Excerpt 1
Google Inc. consolidated gross revenue of $14.1B (+19% Y/Y, +1% Q/Q) was 2.7% below our estimate of $14.5B due to softness in the Google Network (4.6%
Excerpt 2
Google Sites and Google Network dynamics similar to 1Q.
Excerpt 3
Google Segment net revenue of $10.1B came in 1.6% below our $10.3B estimate as the Google Network was again impacted by ad policy changes, along with higher

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