Google earnings

2023 - 2 - 3

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Google Earnings Miss As Growth Slows In Search Advertising ... (Investor's Business Daily)

Google-parent Alphabet (GOOGL) on Thursday reported December-quarter earnings and revenue that missed Wall Street targets amid slowing growth in internet ...

Try SwingTrader](https://www.investors.com/product/swingtrader/?artProdLink=Swingtrader) In Thursday's regular session, Google stock climbed 7.3% in the wake of a positive earnings report from Meta Platforms ( [META](https://research.investors.com/quote.aspx?symbol=META)). How To Invest](https://shop.investors.com/offer/splashresponsive.aspx?id=newsletters-howtoinvest) [IBD Live: A New Tool For Daily Stock Market Analysis](https://www.investors.com/research/stock-market-analysis-start-day-ibd-live/) [Want To Get Quick Profits And Avoid Big Losses? [IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today](https://www.investors.com/product/ibd-digital/?artProdLink=IBD_Digital) [Get Free IBD Newsletters: Market Prep Google stock had gained 17% thus far in 2023, but dropped 39% last year. Google stock fell on the news. Gross revenue rose 1% to $76.05 billion. [IBD Stock Checkup](http://research.investors.com/stock-checkup/). [stock market today](https://www.investors.com/stock-market-today/?). The company reports earnings under generally accepted accounting principles, also known as GAAP. A year earlier, Google reported earnings of $1.53 per share on revenue of $75.3 billion. [GOOGL](https://research.investors.com/quote.aspx?symbol=GOOGL)) on Thursday reported December-quarter earnings and revenue that missed Wall Street targets amid slowing growth in internet search advertising, YouTube ads and cloud-computing services.

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Image courtesy of "Forbes"

Earnings Preview: What To Expect From Google's Parent Alphabet ... (Forbes)

Alphabet GOOGL -2.4% Inc. is scheduled to report earnings after today's close. The stock hit a record split adjusted high of $151.55/share in 2022 and is ...

On the other hand, the bears want to see the stock gap down and fall after reporting earnings. Remember, always keep your losses small and never argue with the tape. The company is expected to report a gain of $1.14/share on $76.60 billion in revenue. Technically, the stock just got back above its 200 day moving average line and the bulls want to see it stay above that important moving average. Earnings exploded higher in 2021 compared to 2020 and they are expected to have fallen by 6% in 2022 (compared to 2021). Some people on the Street expect that earnings have bottomed and will begin to grow again.

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Alphabet misses on earnings and revenue as YouTube falls short (CNBC)

missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company's stock dropped nearly 4% after hours, ...

The unit lost $1.63 billion during the quarter, that's up from a year prior at $1.45 billion. Google Cloud brought in $7.32 billion — less than analysts expected, although it was a 32% increase from the year prior. Google’s Search and Other revenue came in at $42.60 billion, down 2% from the year prior, the report showed. [experimenting](https://www.cnbc.com/2023/01/31/google-testing-chatgpt-like-chatbot-apprentice-bard-with-employees.html) with several potential products that could influence its search business. Operating expenses shot up 10% to $22.50 billion, driven by headcount growth, charges for legal matters and lower ad spend, executives said Thursday. YouTube shorts now has 50 billion daily views, CEO Sundar Pichai said in a call with investors Thursday. It also expects to incur costs of about $500 million related to reduced office space in Q1, and warned that other real-estate charges are possible going forward. In December, the National Football League The deal runs for seven years. [Alphabet](/quotes/GOOGL/) missed on both top and bottom lines when it reported fourth quarter [earnings](https://abc.xyz/investor/static/pdf/2022Q4_alphabet_earnings_release.pdf?cache=9de1a6b) after the bell Thursday. $13.32 billion expected, according to StreetAccount estimates $7.43 billion expected, according to StreetAccount estimates

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Image courtesy of "Barron's"

Alphabet Stock Slides on Earnings Miss (Barron's)

Alphabet reported fourth-quarter earnings after the market closed Thursday. Marlena Sloss/Bloomberg. An advertising spending slowdown weighed on Google-parent ...

The company reported net income of $13.62 billion, or $1.05 a share on revenue of $76.05 billion. Analysts polled by FactSet were expecting earnings of $1.18 a share and revenue of $76.18 billion. The company on Thursday reported slowing revenue growth and an earnings miss.

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Google (GOOGL) Q4 2022 earnings results miss EPS and revenue ... (Shacknews)

Google (GOOGL) comes in just under analysis expectations in its latest earnings report.

[Q4 2022 earnings report](https://abc.xyz/investor/static/pdf/2022Q4_alphabet_earnings_release.pdf?cache=9de1a6b) was shared on the company’s website earlier today. Google (GOOGL) has reported its earnings results for Q4 2022, showing audiences and investors how one of the world’s biggest companies performed financially. [Google (GOOGL) Q4 2022 earnings results miss EPS and revenue expectations](/article/133996/google-googl-q4-2022-earnings-results-miss)

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Google earnings: Alphabet will disclose AI investments (Business Insider)

Alphabet will disclose its investments in AI on future earnings reports. The move signals the company's seriousness about competing in the AI race.

It will also incorporate the technology into its Azure cloud offerings so developers can take advantage of the AI technology. Microsoft already offers another OpenAI service, the code-writing tool Codex, through GitHub. Google has been under pressure by OpenAI and its ChatGPT product, which can respond to queries with human-language responses based on information its gathered from around the web.

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Alphabet, Apple and Amazon Report Earnings ... (The Wall Street Journal)

Shares of Google parent company Alphabet fell in after-hours trading after the tech giant reported results for fourth quarter. Here's what the company ...

The decline comes as the tech giant works to navigate a slowdown in online marketing.\n\nLast month, Alphabet announced it would lay off 12,000 employees, or 6% of its workforce.\n\nRead more about Alphabet's results here.

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Google Q4 Earnings: AI Invests, Trying To Make Cloud Profitable ... (CRN)

Google CEO Sundar Pichai talked about AI, cloud, Search and other topics on 4Q earnings.

“We are just at the beginning of our AI journey, and the best is yet to come.” Google will pay most of that during the first quarter of 2023. “In cloud, we’ve remained very focused on the path to profitability,” she said. The ad business brought in $59 billion during the quarter, down about 4 percent year over year. “We’re not going to predict the global environment,” she said. 31 – that AI is “such a foundational technology” and to not count Google out as a leader in the emerging market. Google Cloud brought in $7.3 billion during the quarter, an increase of about 30 percent year over year. “We did say the challenging backdrop is ongoing. Google is “investing not just in terms of research, but actually getting it all production-scale ready,” Pichai said on the call. Serving costs need to improve, but the field is still in “very, very early days.” Google also has industry-specific AI offerings in manufacturing, life sciences and retail, with others to come, Pichai said. “This will help us continue to get feedback, test and safely improve them.”

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Image courtesy of "Bloomberg"

Google Shares Slip after Sales Miss as Advertising Demand Slows (Bloomberg)

Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts' expectations, signaling lower demand for its search advertising ...

Sales, excluding partner payouts, were $63.1 billion in the fourth quarter, the company said Thursday in a statement. Shares fell more than 3% in extended trading.

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Alphabet, Amazon and Apple Report Earnings. Here's What to Watch (Bloomberg)

Alphabet, Amazon and Apple are about to report earnings. But first...

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Big Tech on defense: Apple, Amazon and Google report earnings (CNN)

Apple, Amazon and Google-parent Alphabet all reported earnings Thursday that disappointed Wall Street. Investors had been overly hopeful about tech: The ...

In addition to the January layoffs, the company plans to reduce its real estate footprint in the first quarter and "meaningfully slowing pace of hiring in 2023," Porat said. Most of Amazon’s businesses, he said, “are also finding it harder to grow in these tougher economic conditions, and Amazon has already warned it will deliver the slowest revenue growth on record for any holiday shopping season.” What to expect: Apple is projected to post its first quarterly revenue decline since 2019 — a drop of 2% compared to the same period in the prior year. After several years of raking in profits thanks to strong demand for tech gadgets and services during the pandemic, the industry’s fortunes began to turn last year. In its advertising business, she said that the company is using artificial intelligence to improve its offerings, including return-on-investment and ad targeting, as well as improving monetization of YouTube Shorts videos. Amazon said it expects revenue for the quarter ending in March to be between $121 billion and $126 billion, compared to analysts' estimates of $125.1 billion. Those special items, which include a large hit it took earlier this year due to the drop in the value of its investment in electric truck maker Rivian and its decision to pull the plug on an investment in a self-driving AI firm, along with other charges, resulted in the company reporting a net loss for the year of nearly $2.0 billion. Jassy said the company is "working really hard to streamline our costs while not giving up on investments" that can fuel growth and "change Amazon long term." After seeing a boom in demand for e-commerce goods early in the pandemic, Amazon has since had to cope with consumers returning to in-person shopping habits. The situation is starting to improve, he said, noting that "we saw a meaningful sequential improvement in sales and traffic as we move through January." Cook said the three factors that impacted revenue performance this quarter were foreign exchange headwinds, COVID-19-related challenges in China that impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max, as well as “challenging macro-economic environment." That's up 6% from the year-ago quarter but a sharp slowdown in growth from the nearly 24% increase it posted a year ago.

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Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and ... (DailyFX)

pple, sporting the largest market cap in the world above $2 trillion, missed on both the top and bottom line; adding pressure to Friday's Nasdaq outlook.

For search titan Google, the take in was actually inline with analysts’ consensus forecast. This company in particular is interesting given its place at crossroads of consumer spending being effected by Apple earnings were arguably the worst of the three relative to expectations. [Tradingview Platform](https://www.tradingview.com/symbols/NASDAQ-AMZN/) Something remarkable heading into the Thursday afternoon run of earnings releases was the strong bullish performance from Amazon, Google and Apple. [Tradingview Platform](https://www.tradingview.com/symbols/NASDAQ-AAPL/) The rally for META notched a 23 percent charge which seemed to hearten the beleaguered tech sector. [Tradingview Platform](https://www.tradingview.com/symbols/NASDAQ-GOOG/) Chart Created on Google (Alphabet) is $602 billion and 3.9 percent. [Tradingview Platform](https://www.tradingview.com/symbols/CME_MINI-NQ1%21/) Amazon is $1.04 trillion and is 6.7 percent.

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Google, Apple disappoint as tech earnings hit by gloom (Bangkok Post)

SAN FRANCISCO - Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming ...

The Big Tech earnings dump came a day after Meta said quarterly sales dropped one percent, which beat expectations, and announced that the number of daily users on Facebook hit two billion for the first time. "The world continues to face unprecedented circumstances, from inflation to war in Eastern Europe, to the enduring impacts of the pandemic and we know that Apple is not immune to it," Cook said. The world's biggest company in terms of market value reported a fall in quarterly revenue and profits for the final three months last year, hit by a drop in sales of its flagship iPhones. "It's clear that after a period of significant acceleration in digital spending during the pandemic, the macro economic climate has become more challenging," Google CEO Sundar Pichai said in an earnings call. Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it made in the same period a year earlier, with share prices falling more than 3 percent in after-market trade. SAN FRANCISCO - Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech.

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Google, Apple disappoint as tech earnings hit by gloom (Yahoo Singapore News)

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be ...

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Alphabet (GOOGL) Q4 2022 Earnings Call Transcript (Motley Fool)

Welcome, everyone. Thank you for standing by for the Alphabet fourth quarter 2022 earnings conference call. At this time, all participants are in a listen-only ...

What we tried to do is give you the context within which we're approaching the overall business and the priorities that we have as we're looking at revenue upside and the growth levers there, as well as how to reengineer our expense base to deliver attractive returns. And we're focused on revenue upside, as well as durable changes to the expense base to really ensure we have the capacity to invest in that growth. So, as we've talked about on prior calls, with Google Cloud, we've really been investing ahead of our revenues, given the growth and the opportunity overall and the desire to ensure that we're equipped, able to support customers across segments around the globe. How should we be thinking about the rationalization of the cost structure and aligning costs with opportunity sets across some of the divisions of Alphabet when you think for the medium to long term? For Sundar, can you just talk more about how you can bring the AI products to market with the principles and integrity that you talked about and how you can do that without kind of sacrificing quality or trust along the way? We noted that we want to be focused and that we are focused on durable improvements to our expense base. And what are some of the things you've seen in terms that you've solved to make this a more quickly monetizable products? To reflect the increasing DeepMind collaboration with Google Services, Google Cloud, and Other Bets, beginning in the first quarter, DeepMind will no longer be reported in Other Bets and will be reported as part of Alphabet's corporate costs. We delivered free cash flow of $16 billion in the fourth quarter and $60 billion in 2022. I will briefly cover the main points of our fourth quarter results and then turn to our outlook to give you more context for Sundar's comments on how we're focused on investing for growth, as well as on reengineering our cost base for long-term success. Our foundation for delivering value over the long term includes three pillars: first, we are on a multiyear mission to make Google a core part of shopping journeys for consumers and a valuable place for merchants to connect with users. In YouTube and Network, the year-over-year revenue declines were due to a broadening of pullbacks in advertiser spend in the fourth quarter.

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Tech earnings hit pause button on market rally (Reuters)

Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message from their earnings on Thursday: not so fast.

"In many respects we're waiting for that other shoe to drop – the impact of higher rates on the economy, inflation, earnings and jobs," said Jack Ablin, co-founder and chief investment officer at Cresset Capital, which manages $30 billion. [(MSFT.O)](https://www.reuters.com/companies/MSFT.O), the four U.S. Consumer staples giant Clorox said product volumes fell in three of the company's four business segments in the fourth quarter, while Cost-cutting by Alphabet and Meta led some investors to think that interest rates are affecting demand. Big Tech surged Thursday following a strong quarterly report from Facebook-owner Meta Platforms Inc [(META.O)](https://www.reuters.com/companies/META.O). They, and other companies, are still grappling with higher interest rates that are slowing demand. Shares of the three companies fell between 2.7% and 5% in premarket trading and they were set to lose nearly $200 billion from their collective market valuation. Some investors saw silver linings from Apple and other bellwethers, including Starbucks, that reported results on Thursday. The reports renewed questions about global economic demand, the effect of higher interest rates and whether the market's January rally got ahead of itself. The message from their earnings on Thursday: not so fast. markets on a sharp rebound to kick off 2023. [(AAPL.O)](https://www.reuters.com/companies/AAPL.O), Google parent Alphabet [(GOOGL.O)](https://www.reuters.com/companies/GOOGL.O) and Amazon.com [(AMZN.O)](https://www.reuters.com/companies/AMZN.O) all posted results for the end-of-year quarter that left a sour taste in investors' mouths.

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