Alphabet (GOOG, GOOGL)

Re: Alphabet (GOOG, GOOGL)

Postby behappyalways » Sat Aug 01, 2020 5:26 pm

Alphabet Q2 results show ad spending is still in a rut
https://www.marketwatch.com/story/alpha ... ck_seemore
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Re: Alphabet (GOOG, GOOGL)

Postby winston » Sat Aug 01, 2020 9:07 pm

not vested

Google:

Before we even dive into the results, Nathanson posed that Google's GOOGL ad revenue was hit harder than Facebook's potentially because Facebook's ad products are still in their infancies, as brands are still shifting spend into them from less up-to-date ad-buying platforms.

Google revenue was $38.2 billion, against estimates of just over $37 billion, with the actual result falling 2%.

The revenue was "driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues," Ruth Porat, CFO of Alphabet said on the earnings print.

Google Cloud, which has been flourishing of late, prevented revenue from falling too hard on a account of poor ad spend.

Cloud revenue was $3 billion, rising 42% year-over-year. That was not great against expectations, but Google clearly has a growing - albeit still small - cloud business.

Adjusted EPS was $10.13 against estimates of $8.21, with the actual result falling considerably year-over-year.

Google did elude to some lack of visibility on ad revenues for the second half of the year.

The stock, slightly extended from a rally into earnings, fell more than 4% Friday.

Source: The Street
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Re: Alphabet (GOOG, GOOGL)

Postby winston » Wed Aug 05, 2020 9:51 pm

not vested

Buy This Stock’s Post-Earnings Dip

by Matt McCall

Alphabet’s second quarter earnings weren’t great.

Revenue declined year-over-year for the first time ever.

Earnings per share fell 29%.

Despite lower pricing, YouTube ad revenue increased almost 6%.

“Other” revenue for Google, which includes YouTube TV, rose more than 25%.

Google Cloud outgrew Amazon and nearly matched Microsoft (NASDAQ:MSFT) with a 43% jump year-over-year.

Self-driving cars? The Waymo business remains a leader.

Artificial intelligence? Alphabet is leading the way.


Source: Investor Place

https://dailytradealert.com/2020/08/05/ ... nings-dip/
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