Alphabet (GOOG, GOOGL) 03 (Aug 24 - Dec 27)

[winston]

not vested

Alphabet beat earnings expectations with $102.35 billion in quarterly revenue, with the company increasing its projected AI spend for the year to as much as $93 billion.

The company saw 15% year-over-year growth in revenue from its Search business and other advertising revenue and according to CEO Sundar Pichai, the company’s Cloud business has a $155 billion backlog.

Source: Fortune

[winston]

not vested

Alphabet Inc. (GOOGL) reported a strong quarter that easily topped expectations. The company reported $2.87 earnings per share on $102.4 billion in revenue, surpassing Wall Street’s forecasts for $2.27 and $99.9 billion, respectively.

That’s a 35% jump in earnings and a 16% increase in revenue from a year ago. Not to mention its first-ever $100 billion quarter.

Alphabet’s advertising business remains rock solid, with Search revenue climbing to $56.6 billion and YouTube ads reaching $10.3 billion, both beating estimates.

The real breakout, though, was Google Cloud, which surged 34% to $15.2 billion, lifting its segment operating income to $3.6 billion – nearly double last year’s results. Meanwhile, the division’s backlog has grown to a staggering $155 billion.

Management also raised its 2025 capital spending forecast to between $91 billion and $93 billion. This reflects the massive investment it’s making to expand AI and data center capacity.

Bottom line: Alphabet proved that its AI investments are translating into real, measurable growth, which is also why it earns a “B” (Strong) in Stock Grader.

Source: Market 360

[behappyalways]

How $GOOGL makes money
https://x.com/Mayhem4Markets/status/1986166336708387318

[behappyalways]

Google Sued For Allegedly Using Gemini AI Tool To Track Users' Private Communications
https://www.zerohedge.com/ai/google-sue ... unications


It's not hard to see why Buffett bought $GOOGL for Berkshire
https://x.com/Mayhem4Markets/status/1990510957261660574