Ctrl-F "Other Bets operating loss": Q4 2018 (1.3bn) Q4 2019 (2.0bn) Yikes
A drop in the bucket.
It’s ~25% of Search ads. That’s a big drop in a small bucket.
Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
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Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#32It is interesting to see the low revenue, slow revenue growth (~20% YoY), and quickly growing expenses from "Other Bets". If the Alphabet model made sense, I'd expect to see a company starting to clearly take off after 5 years. The data shows the opposite.
I think part of the issue is that their "very long bets" (i.e. AI and self driving) have shown enough progress to now be merely "long bets" now which increases R&D expenses and means GOOG is essentially doubling down on the future via "other bets" in lieu of nearer-term revenue.
Time will tell if that's a good strategy.
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#33As far as I can tell, this is the first time Google has reported YouTube Ad and Google Cloud revenues as separate line items.
It's a red herring designed to distract from the fact they missed ad revenue estimates by $800M.
Lol at getting downvoted. They missed on revenue and down -5% after hours. This is a fact, not an opinion.
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#34Earlier quoted context omitted.
>I can't believe they made $15bn off of YouTube ads. Who are they reaching with that crap? Everyone?
Everyone on their phone, that is, because unless you use PiHole I don't know if it's possible to block it on mobile.
Or, you know, pay for YouTube Red
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#35Earlier quoted context omitted.
to compare Amazon AWS revenue for 2019 is $40bn
I believe the 2019 AWS revenue is at $35B which means that a very consistent 4.4x multiplier against Google Cloud for 2017-18 is now going down to 3.9x.
AWS is comparable to GCP revenue not Google Cloud revenue, which includes GSuite (same with Azure whose revenue is mainly Office 365).
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#36Earlier quoted context omitted.
I believe the 2019 AWS revenue is at $35B which means that a very consistent 4.4x multiplier against Google Cloud for 2017-18 is now going down to 3.9x.
AWS is comparable to GCP revenue not Google Cloud revenue, which includes GSuite (same with Azure whose revenue is mainly Office 365).
But we don't have GCP-only revenue, or do we?
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#37Earlier quoted context omitted.
AWS is comparable to GCP revenue not Google Cloud revenue, which includes GSuite (same with Azure whose revenue is mainly Office 365).
But we don't have GCP-only revenue, or do we?
I don't believe they separate it out--which is usually interpreted by assuming the worst.
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#38I can't believe they made $15bn off of YouTube ads. Who are they reaching with that crap? They didn't specify how much they off of YouTube Premium, but at $120/year they'd need 125 million subscribers to match ads revenue.
Are youtube ads that much worse than cable TV? I pay for youtube premium and don't watch cable TV anymore so I honestly can't say myself, but from what I remember of each, they both seemed about on the same level of garbage-ness.
Sometimes when I turn on cable TV I get lucky and can watch a few minutes without seeing an ad. Youtube plays an ad every time you click a video.
Re: Alphabet announces fourth quarter and fiscal year 2019 results [pdf]
#39As far as I can tell, this is the first time Google has reported YouTube Ad and Google Cloud revenues as separate line items.
It's a red herring designed to distract from the fact they missed ad revenue estimates by $800M. Lol at getting downvoted. They missed on revenue and down -5% after hours. This is a fact, not an opinion.
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