Alphabet (GOOG, GOOGL)

[winston]

not vested

Alphabet Inc. (GOOGL) – 1Q Earnings

Google-parent Alphabet reported first-quarter earnings per share of $1.89, an increase of 61.5% compared to earnings of $1.17 per share a year ago.

This also beat analysts’ earnings expectations for $1.50 per share by 26%.

Revenue climbed 15.4% year-over-year to $80.54 billion, up from revenue of $69.7 billion in the same quarter a year ago. Analysts had called for revenue of $78.70 billion.

One important number to note in this report is Google Cloud sales, which increased 28.4% year over year to $9.57 billion.

Likewise, YouTube advertising revenue increased 20.8% year over year to $8.09 billion.

Now, it is important to note that Alphabet did have a big announcement in its earnings release.

The board approved the company’s first-ever cash dividend of $0.20 to be paid on June 17, 2024, to stockholders of record as of June 10, 2024. The company proceeded to note that it “intends to pay quarterly cash dividends in the future.”

Following this news and the company’s earnings beat, shares of GOOGL jumped 14% this morning.

Source: Investor Place

[winston]

not vested

GOOGLE inc. - Stock Analyst Research
Target Price* 195.00
Recommendation ACCUMULATE

Alphabet Inc. - Growth accelerating across all segments

1Q24 revenue was within expectations, but PATMI was above due to higher operating leverage.

1Q24 revenue/PATMI were at 23%/27% of our FY24e forecasts.

Growth on both top (15% YoY) and bottom lines (57% YoY) as a result of:
1) resilient Search ad growth (13% YoY) and increasing YouTube monetisation,
2) Cloud acceleration (28% YoY), and
3) continued focus on cost optimisations.

We raise our FY24e PATMI by 8% as a result of GOOGL’s continued focus on near-term margin expansion while also increasing FY24e CAPEX by ~US$10bn to account for higher AI infrastructure investments.

We maintain ACCUMULATE with a raised DCF target price of US$195 (prev. US$154).

Our WACC remains unchanged at 7.3%, while we increase our terminal growth rate assumption to 4.5% (prev. 3.5%).

We expect GOOGL to benefit from AI-related product improvements and efficiencies, which will help drive advertising dollars while also being well-positioned to capture more eyeballs through increasing user time spent on connected TV.

Source: Phillips

https://www.poems.com.sg/stock-research/GOOGL/

[behappyalways]

Google releases Gemini new model! Generate AI video search engine. Avoid thinking about "keywords"

谷歌發表Gemini新模型! 生成AI影片 搜尋引擎.免想「關鍵字」｜方念華｜FOCUS全球新聞 20240515 @tvbsfocus

https://m.youtube.com/watch?v=HeXV9LoyhRc

[winston]

by behappyalways:-

Google's Smartphone Loyalty Problem

https://www.zerohedge.com/technology/go ... ty-problem