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Alphabet Earnings Release FY23 Q3 [pdf]

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Re: Alphabet Earnings Release FY23 Q3 [pdf]

#31

Post by paulpauper »

empath-nirvana wrote: post #21
impulser_ wrote: post #17

Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.

The iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.

ppl been saying this for the past decade. There is nothing even close on the horizon to replace Google ads or search. Even if Chat GPT gains some traction for search, which is unlikely, it's not a threat at all to Google's mobile ads dominance. Despite endless promotion for the past 12 years, hardly anyone uses Duck Duck Go.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#33

Post by crazygringo »

dekhn wrote: post #22
isusmelj wrote: post #20

Can anyone explain why servers are now more useful for longer than they used to be? I feel the world is spinning faster, and new tech comes out faster. Especially with faster networking and more compute. In the document they mention this: In January 2023, we completed an assessment of the useful lives of our servers and network equipment and adjusted the estimated useful life of our servers from four years to six yea…

They aren't; this is an accounting change.

No, it's an accounting change because they are.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#36

Post by somethoughts »

dekhn wrote: post #22
isusmelj wrote: post #20

Can anyone explain why servers are now more useful for longer than they used to be? I feel the world is spinning faster, and new tech comes out faster. Especially with faster networking and more compute. In the document they mention this: In January 2023, we completed an assessment of the useful lives of our servers and network equipment and adjusted the estimated useful life of our servers from four years to six yea…

They aren't; this is an accounting change.

My hot take is that servers could potentially last longer than 6 years so it is all really just accounting. Or at least is was never as short as 3 years.

When we were in a low/zero interest rate environment - there was a growth at all costs mentality among investors (and therefore management). Since investors didn't give any bonus points if a company was able to operate profitably - might as well depreciate to the max allowable by accounting law and not show a profit. In fact - not showing a profit was actually seen a positive features/badge of honor for a stock.

Now that interest rates have gone up, investors care about ability to generate current cashflow/net income and are prioritizing rational PE ratios - depreciating expenses over a longer time horizon (closer to reality) makes sense.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#37

Post by crazygringo »

isusmelj wrote: post #20

Can anyone explain why servers are now more useful for longer than they used to be? I feel the world is spinning faster, and new tech comes out faster. Especially with faster networking and more compute. In the document they mention this: In January 2023, we completed an assessment of the useful lives of our servers and network equipment and adjusted the estimated useful life of our servers from four years to six yea…

> I feel the world is spinning faster, and new tech comes out faster.

Isn't it because it's precisely the opposite? Moore's law stopped a while ago, at least that's what a lot of people think.

So much of the new tech now seems to be around GPU's and LLM's, but that doesn't affect the Google Search or YouTube or Docs servers. So they just keep humming along as usual, with a totally different set of new-fancy-tech servers spun up for the new fancy stuff.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#38

Post by remus »

dekhn wrote: post #23
CSMastermind wrote: post #19

Earlier quoted context omitted.

Do you think they give up on Google Cloud at some point?

they might trim some infrequently used features but I can't see them completely killing Google Cloud- not only does it make money (the only real money other than ads), the reputational hit would be immense. Imagine telling thousands of enterprises they have to move petabytes to a competitor.

There's also loads of crossover with the tooling they use to run all their own services.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#39

Post by wangii »

empath-nirvana wrote: post #21
impulser_ wrote: post #17

Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.

The iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.

couldn't agree more. From another point of view, it's time to end the dominance of company G, it has been killing the internet for too long: google ads are now just G tax.
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