Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+
MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. today announced financial results for the quarter ended September 30, 2022.
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Discussion
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@patrikakis
Yiannis Patrikakis
on x
Pre-Market $GOOG -6.03% $MSFT -6.35% $META -3.99%
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@jenn_elias
Jennifer Elias
on x
Alphabet missed on top and bottom lines in Q3 as YouTube ad revenue dropped in the quarter and total revenue grew just 6% — marking the weakest growth period since 2013, other than one pandemic q. https://www.cnbc.com/...
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@carnage4life
Dare Obasanjo
on x
Google missed on all numbers. Revenue of $69B versus $70B expected and YouTube ad revenue dropped by -2% versus +3% growth expected. Headcount grew by 36K people from 150K to 186K which looks bad given net income dropped to $13.9B versus $18.9B a year ago. https://www.cnbc.com/..…
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@byjulialove
Julia Love
on x
Google shares are falling after the company reported weak earnings. YouTube sales missed expectations again, and the Cloud and Other Bets units both saw widening losses. Interested to see how execs explain this on the call.
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@cityofthetown
Tom Dotan
on x
Of all the areas of Google's Q3 business, the y/y drop in YouTube ad revenue feels the most ominous across the media and tech industry.
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@levynews
Ari Levy
on x
Google report has outsized importance this qtr given fallout in online ads *Growth expected to be in single digits. Other than one qtr in the pandemic, that's weakest since 2013 *YouTube looking at ~3% growth
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@jenn_elias
Jennifer Elias
on x
On investors call, business chief Philipp Schindler says the company saw a pullback in spend on search ads from certain areas including insurance, loans, mortgage and cryptocurrencies.
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@epro
Emil Protalinski
on x
$GOOG Q3 2022 - Revenue up 6% to $69.1 billion - Net income down 36% to $13.9 billion - Google Cloud up 38% - YouTube down 2% - Other Bets up 15% - Other Bets loss up 25% - Traffic Acquisitions Costs up 3% - Employees up 24% to 186,779
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@chrisjbakke
Chris Bakke
on x
Google missed on 3 out of 4 key metrics: Revenue of $69B vs. $70B expected YouTube ad revenue -2% vs. +3% growth expected Net income $13.9B vs. $18.9B 1 year ago but Google PMs shipped 43,928 day in the life TikTok videos vs. 17,230 expected
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@kantrowitz
Alex Kantrowitz
on x
Well, it begins. Alphabet misses earnings estimates effectively across the board. Meta is probably going to be a disaster tomorrow. https://www.cnbc.com/... https://twitter.com/...
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@marketwatch
@marketwatch
on x
Alphabet reported net income of $13.9 billion, or $1.06 a share, in its fiscal third quarter, compared with net income of $1.40 a share in the same quarter a year ago. Revenue of $GOOGL parent company grew at its slowest pace in more than two years: https://www.marketwatch.com/ .…
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@jason_kint
Jason Kint
on x
It wiped out 60% of Facebook's value. But one other big tech co gets a majority of its data from 3rd parties. It's much harder to isolate but no one should count out impact of “signal loss” for google. Lawsuits underway for Android, chrome in US and EU impacting G's surveillance.…
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@eric_seufert
Eric Seufert
on x
Alphabet just released its Q3 results: overall ad revenue is up, as is Search, but YouTube revenue is down 2% year-over-year. As I've said: the decline we're seeing in digital advertising is driven by ATT, not macro (1/X) https://twitter.com/...
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@levynews
Ari Levy
on x
HOLY SKATEBOARDING CAT VIDEOS - YouTube revenue shrank! Alphabet down after hours, missed on top and bottom lines. via @jenn_elias https://www.cnbc.com/...
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@munster_gene
Gene Munster
on x
Youtube was the biggest disappointment, down 2% yy, which is 5% below the Street. Search grew 4% yy but missed estimates by 4%. That compares to 14% growth last quarter.
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@eric_seufert
Eric Seufert
on x
2/ Google Search is totally immune from ATT whereas YouTube is very much impacted by it. The divergence in performance between Search and YouTube is an imperfect but instructive comparison. Why would Search Advertising be up if a recession was depressing digital ad spend broadly?
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@mhbergen
Mark Bergen
on x
Seven years after forming Alphabet, the company's “other bets” now account for 0.3% of sales.
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@_seandavid
Sean D. Emory
on x
“Other Bets” crossed $200m in a single quarter for the first time ever. Not much to make but just pointing to another milestone. $GOOGL