TMTB: GOOGL First Take
GOOGL -7%: Weaker — slight rev miss but Ad and search/YT beat (inline with bogeys). GCP misses. Op inc inline with bogeys
Capex higher at $75B vs. street at $58B and bogeys of $65Bs — should be good for AVGO (+4%) /AI semis
GOOGL RESULTS: Q4
- Revenue $96.47B, EST $96.62B
- Google advertising revenue $72.46B, EST $71.73B
- Google Search & Other Revenue $54.03B, EST $53.29B
- YouTube ads revenue $10.47B, EST $10.22B
- Google Network Revenue $7.95B, EST $8.14B
- Google Subscriptions, Platforms and Devices Revenue $11.63B, EST $12.03B
- Google Services revenue $84.09B, EST $83.73B
- Google Cloud revenue $11.96B, EST $12.19B
- Other Bets revenue $400M, EST $591.9M
- EPS $2.15, EST $2.13
- Operating income $30.97B, EST $30.72B
- Google Services operating income $32.84B, EST $32.32B
- Google Cloud operating income $2.09B, EST $2.04B
- Other Bets operating loss $1.17B, EST loss $1.21B
- Operating margin 32%, EST 31.9%
- Capital expenditure $14.28B, EST $13.21B
- Number of employees 183,323
