Close Menu
    Facebook X (Twitter) Instagram
    Parhlo WorldParhlo World
    • Home
    • Life
    • Entertainment
    • News
    • World
    • Business
    • Technology
    • More
      • Celebrities
      • Sports
    Parhlo WorldParhlo World
    Home»Business»Appen Loses $126 Million Contract With Google
    Business

    Appen Loses $126 Million Contract With Google

    DavidBy DavidJanuary 22, 2024Updated:January 23, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Appen Loses $126 Million Contract With Google
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The news is that Google has ended its deal with the Australian data services company Appen. The deal gave the Sydney-based business more than a quarter of its gross revenue last year.

    The amounts: The ASX-listed company told its shareholders on Monday that Google would be ending its contract after a strategy review process. By March 19, all projects would no longer be going forward. This deal brought in US$82.8 million ($126 million) for Appen in FY23, which was 26% of its total revenue. Appen made $273 million in sales and lost $20.4 million in core EBITDA over the course of the year.

    https://twitter.com/CapitalBrief/status/1749228038661734415

    It was “unexpected and disappointing” for Appen to hear the news, especially since its Global Services and New Markets businesses had grown from one quarter to the next. But big clients like Google and Facebook have recently stopped paying as much for the company’s services. In fact, the company’s shares have dropped 80% in the last year. Appen said it would give another update when its full-year numbers come out on February 27.

    Read More: A Message From Sundar Pichai to the Google Staff: More Layoffs Are Coming

    What do you say about this story? Visit Parhlo World For more.

    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    David

    Related Posts

    Everything We Know About Umbrella Academy Season 4

    May 30, 2025

    Percy Jackson and the Olympians Season 2 Release Date: Everything We Know

    May 28, 2025

    Silo Season 3: Everything You Need to Know

    May 27, 2025

    Everything We Know About Black Mirror Season 7 So Far

    May 26, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Popular Posts

    Google Is Getting Hit By TikTok As It Quietly Adds Picture Search To TikTok Shop

    June 12, 2024

    Bumble’s New AI Tool Finds And Blocks Fake Profiles And Scam Accounts

    February 6, 2024

    In Its First Big Outside Investment, Sachin Bansal’s Fintech Navi Wants To Be Valued At $2B

    April 4, 2024

    Parhlo world

    world.parhlo.com is the leading open platform that represents the voice of youth with viral stories and believes in not just promoting talent and entertainment but in liberating world youth and giving rise to young changemakers!




    Our Picks

    Everything We Know About Umbrella Academy Season 4

    May 30, 2025

    Percy Jackson and the Olympians Season 2 Release Date: Everything We Know

    May 28, 2025

    Silo Season 3: Everything You Need to Know

    May 27, 2025
    Quick Links
    • Home
    • Life
    • Entertainment
    • News
    • World
    • Business
    • Technology
    • More
      • Celebrities
      • Sports
    Parhlo World © 2014-2025. All Rights Reserved.
    • Home

    Type above and press Enter to search. Press Esc to cancel.