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Alphabet, Google's parent company, reported Q3 revenue of $76.7 billion, an 11% increase YoY, with net income of $19.7 billion, up 42% YoY. Google Ad revenue grew 9.5% in Q3, while Google Cloud revenue disappointed, growing only 22% to $8.4 billion. Despite beating revenue forecasts, Alphabet's stock dropped more than 5% due to weaker-than-expected cloud growth.
Alphabet sees $165 billion in market cap wiped after cloud business growth disappoints Wall Street https://t.co/kGLCAdufkw
Alphabet $GOOG: Google Ad revenue growth accelerated from 3.3% in Q2 to 9.5% in Q3 But we don't think this is a surprise Why? Because the prior-year comps were different More meaningful is that 2019-23 CAGR was ~15% in each of Q1, Q2, Q3 this year; see https://t.co/r37IvlgsJa https://t.co/QXliM2yMvm
Alphabet $GOOG: Google Ad revenue growth accelerated from 3.3% in Q2 to 9.5% in Q3 But we don't think this is a surprise Why? Because the prior-year comps were different More meaningful is that 2019-23 CAGR was ~15% in each of Q1, Q2 and Q3 this year https://t.co/r37IvlgsJa https://t.co/rYYh3gyknl
Alphabet $GOOG: Google Ad revenue growth accelerated from 3.3% in Q2 to 9.5% in Q3 But we don't think this is a surprise Why? Because the prior-year comps were different More meaningful is that 2019-23 CAGR was ~15% in each of Q1, Q2 and Q3 this year https://t.co/r37IvlgsJa https://t.co/ll0jJtrx1t
Alphabet $GOOG: Google Ad revenue growth accelerated from 3.3% in Q2 to 9.5% in Q3 But we don't think this is a surprise Why? Because the prior-year comps were different More meaningful is that 2019-23 CAGR was ~15% in each of Q1, Q2 and Q3 this year https://t.co/r37IvlgsJa https://t.co/wFzh1bXREN
Alphabet's stock is having its worst day in a year after cloud revenue missed estimates https://t.co/YcMiHi5s7q
1/ Alphabet's revenue grew 11% to $76.7 billion in the quarter, but Google Cloud Platform revenue was disappointing, growing only 22% to $8.4 billion. https://t.co/wM4eW9Whqm
Google $GOOG $GOOGL is trading lower after reporting earnings yesterday. - Q3 revenue increased 11% YoY to $76.69B - Search revenue = $44B - YouTube ads = $8B - Google Cloud = $8.41B https://t.co/A7hr6GQ9pT
"Alphabet $GOOG: Core Ad Revenue Growth Back to Normal in Q3" Ad revenues +9.5% in Q3, incl. YouTube +12.5% 2019-23 Ad revenue CAGR at ~15% each of Q1-3 Google Cloud revenues +22% EPS +18.8% YTD; 24.7x P/E relative to LTM EPS We see 83% upside (20.7% IRR) https://t.co/r37IvlgsJa https://t.co/ljPWrTAw4e
Google's revenues increased 11% over the last year to a new quarterly high of $76.69 billion. Net income increased 42% YoY to $19.69 billion. Operating profit margins moved up to 28% from 25% a year ago. $GOOGL https://t.co/Gzzm03BUbj
Alphabet revenue beats forecasts despite softer than expected cloud growth https://t.co/AlwTkxPbUZ
Alphabet earnings grow again in Q3, but its Cloud service lags behind https://t.co/aFF6nHbC5Z
Alphabet shares dive as Google cloud revenue weakens https://t.co/4oYwXVvUEm https://t.co/8imFoh55sx
Alphabet revenue beats forecasts despite softer than expected cloud growth https://t.co/sS2Y68TydD
Alphabet revenue beats forecasts despite softer than expected cloud growth https://t.co/1QXTMM9Bib
Alphabet reports Google Cloud Q3 revenue up 22.5% YoY to $8.41B, vs. $8.62B est., and Google Cloud operating income of $266M, vs. an operating loss of $440M YoY (@hoodieonveshti / Reuters) https://t.co/UortYvQw52 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/u8fZvXWrIj
$GOOG Alphabet Q3 FY23: • Revenue +11% Y/Y to $76.7B ($1.0B beat) • Operating margin 28% (+3pp Y/Y) • EPS $1.55 ($0.10 beat) ☁️ Google Cloud: • Revenue +22% Y/Y to $8.4B. • Operating margin 3% (+13pp Y/Y). ▶️ YouTube ads +12% to $8.0B. https://t.co/JAkVM4HIde
Alphabet reports Q3 revenue of $77B, up 11% YoY, net income of $19.7B, up from $13.9B YoY, Google Cloud revenue of $8.4B, up from $6.9B YoY; GOOG drops 5%+ (Alphabet) https://t.co/kQkdhgrGKk 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/6vYWRr9VUr
Alphabet 23Q3 results Revenues +11%, EBIT +25% Net Income +42%, EPS +46% Google Ad revenue +9.5% o/w Search +11.3%, YouTube +12.5%, NW -2.6% Google Cloud revenue +20.9% Revenue $8.41bn (Q2: $8.03bn) EBIT $266m (Q2: $395m) $GOOG -4% https://t.co/9pXaGs3GDS