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Google Cuts Revenue It Shares From Sales On Its Cloud Marketplace

Reuters

Last Updated: September 27, 2021, 10:46 IST

Google said it would test whether capturing heart sounds and eyeball images could help people identify issues from home. (Image: Reuters)

Google said it would test whether capturing heart sounds and eyeball images could help people identify issues from home. (Image: Reuters)

This comes after earlier this year, Google cut the service fee it charges developers on its Play store by half on the first $1 million they earn in revenue in a year.

Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, a report in CNBC suggested on Sunday. The Google Cloud Platform is cutting its percentage revenue share to 3 percent from 20 percent, CNBC said, citing a person familiar with the matter. “Our goal is to provide partners with the best platform and most competitive incentives in the industry. We can confirm that a change to our Marketplace fee structure is in the works and we’ll have more to share on this soon,” a Google Cloud spokesperson said in a statement to Reuters.

This comes after earlier this year, Google cut the service fee it charges developers on its Play store by half on the first $1 million (roughly Rs 7.36 crores) they earn in revenue in a year.

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first published:September 27, 2021, 10:46 IST
last updated:September 27, 2021, 10:46 IST