Google earnings

Shares of the Google parent were higher in late trading Tuesday after second-quarter results came in just below expectations.

Operating income of $19.4 billion was below expectations of $20.14 billion. Wall Street analysts forecast earnings per share of $1.27, according to FactSet, with revenue of $69.87 billion. Net income was $16 billion, or $1.21 per share.

The Q2 2022 earnings report for Alphabet, the parent company of Google and YouTube, shows that the company's profits are down year over year and quarter ...

Profits are down at Google parent company Alphabet for the second quarter in a row, even as it brings in more money. Google’s Cloud business made around $6.2 billion in revenue (though as usual Google lost money on it overall — around $858 million). YouTube advertising made the company around $7.3 billion. As for how Google made its money, the breakdown is similar to last year.

Parent company Alphabet reports second-quarter revenue of $69.69bn, 13% higher than a year ago.

Alphabet’s report would mark impressive growth for most companies outside of tech. Still, Alphabet’s results marked the latest sign that tailwinds propelling big technology companies during the pandemic have shifted. The results gave investors hope that Alphabet’s search and advertising business might be able to withstand big countries potentially going into recession over the next year.

Google parent Alphabet Inc. reported second-quarter revenue that met analysts' expectations, reflecting the internet giant's resilience amid slowing growth ...

Analysts had projected $58 billion, according to data compiled by Bloomberg. Shares rose about 5% in extended trading. Google parent Alphabet Inc. reported second-quarter revenue that met analysts’ expectations, reflecting the internet giant’s resilience amid slowing growth in advertising.

Alphabet missed on both lines, and profits actually declined year-over-year. Ugly! But business growth is healthy, and the earnings decline was not caused ...

I do believe that Alphabet is a very solid company with a positive long-term outlook, and the current valuation is attractive. In other words, Alphabet is trading at a net cash adjusted free cash flow yield of a little more than 5%, which is a pretty attractive valuation for a company with a strong moat, growth tailwinds, high-potential business units such as Waymo, and when we account for Alphabet's solid underlying business growth of 13% during the most recent period. The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. But the earnings decline is attributable to other income/expense movements, and the earnings miss wasn't too large. But the fact that management has come to the conclusion that hiring was overdone in the recent past, and that this should change going forward, is a good sign. When we back out the move in GOOG's other income and adjust its taxes, net income would actually have increased by $100 million year-over-year, or by 0.6%. That's still significantly less than the revenue growth rate, which is far from ideal, but we can nevertheless say that the earnings decline can be attributed to the other income/expense performance during the period -- the earnings decline is not the issue of Alphabet's core business. According to its earnings release, Alphabet spent $15.2 billion on buybacks during the period, or a little more than $60 billion annualized. When we account for Alphabet's debt, net cash still stands at a hefty $110 billion, or 8% of the company's market value -- which is way better than Apple's ( AAPL) 3% net cash position, relative to its market value. There thus was no margin squeeze from that perspective, which is positive and points to margins likely remaining healthy in the long run. becoming easier in this year's Q2 relative to last year's Q2 when the pandemic impact was larger, consumers spent less time at home and in front of their phones, tablets, and TVs. YouTube thus faced tough comparisons, and the fact that the business unit nevertheless managed to grow its revenues is a major positive, I believe. Alphabet's management likely came to the same conclusion, which is why the company recently announced that it would slow down hiring. YouTube saw some revenue growth, but at a lowish rate of 5%. That is likely attributable to the behavior of consumers, however.

Online advertising companies have been warning of a slowdown in ad demand amid high inflation and recession fears, and despite its size, Google has been no ...

Still, the challenging macroeconomic environment may continue to weigh on Google's business in the upcoming quarters. Google also narrowly missed Wall Street analysts' expectations for both sales and profits during the quarter. The company posted revenues of $69.7 billion during the quarter, an increase of 13% from the prior-year quarter, compared to the $69.9 billion analysts had projected.