Pedro Acuna Taboada
Hello everyone! We just had $GOOGL (Alphabet Inc Class A) earnings, so here is a quick summary: Revenue: $96.4B vs EST $93.9B (up 14% YoY) ✅ EPS: $2.31 vs EST $2.16 (up 22% YoY) ✅ We all know that the narrative is that AI is killing search, so lets take a look at that segment 🔍. 𝗦𝗲𝗮𝗿𝗰𝗵 𝗴𝗿𝗲𝘄 𝟭𝟭.𝟳% YoY and 6.8% QoQ. So while the narrative is overly pessimistic the numbers show a strong business. Also 𝗚𝗼𝗼𝗴𝗹𝗲 𝗖𝗹𝗼𝘂𝗱 𝗴𝗿𝗲𝘄 𝗴𝗿𝗲𝘄 𝟯𝟭% YoY, and earnings more than doubled from $1.1Bn to $2.8Bn. Overall a great performance, super healthy search growth and incredible cloud growth. The market seems to have reacted well, with the stock up about 1.6% after hours.
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GOOGL
Alphabet Inc Class A
278.49
-5.92 (-2.08%)
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