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Alphabet Earnings Release FY23 Q3 [pdf]

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Re: Alphabet Earnings Release FY23 Q3 [pdf]

#51

Post by dang »

choppaface wrote: post #49
dang wrote: post #14

Earlier quoted context omitted.

Would you please stop posting these? Pre-existing agendas aren't ok on HN because they aren't curious conversation. Obviously criticisms of $BigCo are fine on HN (every thread fills up with them anyhow), but the high-order bit should be curiosity. Taking HN threads on generic flame tangents in a fixed and repetitive way, which your account has been doing for a long time now, is not what this site is for. https://news…

The way this thread appears now (OP is flagged / invisible), it seems somebody made a remark about layoffs and the reaction was negative despite layoffs being at least somewhat relevant to quarterly results. But it's really telling to see YC HN moderation speak up in public here (when very clearly the mods can reach the user by private email) and yet YC HN mods were completely 100% OK with blatent sexism in another G…

I haven't got a clue what other thread you're talking about. Random $bigco bloviation is half this site.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#52

Post by huijzer »

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.

On the other hand, YouTube ads revenue increased from 7,340 million to 7,665 million in respectively the quarters ended June 30 2022 and June 30 2023.

That is a revenue increase of only about 4% even though they have added way more than 4% of ads in the last year! So maybe on paper it still looks great, but advertisers are definitely spending less.

EDIT: Might also explain why they are obsessed with adblockers now on YouTube. Numbers have to go up in the next quarter again. I wonder whether accepting that the party is over might be a better long term strategy.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#54

Post by gniv »

huijzer wrote: post #52
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.

On the other hand, YouTube ads revenue increased from 7,340 million to 7,665 million in respectively the quarters ended June 30 2022 and June 30 2023. That is a revenue increase of only about 4% even though they have added way more than 4% of ads in the last year! So maybe on paper it still looks great, but advertisers are definitely spending less. EDIT: Might also explain why they are obsessed with adblockers now on…

Why use the June numbers? In the September quarter the yoy growth was 12%.

There was definitely a relative slowdown as the world opened up after the pandemic. The comparisons from now on will be more relevant to the long-term growth prospects.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#55

Post by huijzer »

gniv wrote: post #54
huijzer wrote: post #52

Earlier quoted context omitted.

On the other hand, YouTube ads revenue increased from 7,340 million to 7,665 million in respectively the quarters ended June 30 2022 and June 30 2023. That is a revenue increase of only about 4% even though they have added way more than 4% of ads in the last year! So maybe on paper it still looks great, but advertisers are definitely spending less. EDIT: Might also explain why they are obsessed with adblockers now on…

Why use the June numbers? In the September quarter the yoy growth was 12%. There was definitely a relative slowdown as the world opened up after the pandemic. The comparisons from now on will be more relevant to the long-term growth prospects.

Oh. Because I’m and idiot it seems! I have been looking at the wrong quarter. Thanks for telling me.

Re: Alphabet Earnings Release FY23 Q3 [pdf]

#56

Post by creer »

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…

My guess is that server farms are currently used at full capacity. So that while a few years ago the thought was to upgrade existing data centers to more efficient servers, now there is more data centers being built while slightly less efficient servers are left running where they are. This is the accounting change to reflect that: depreciate slower to reflect longer in-practice life.

Also "data center electrical power / compute" (which reflects both cooling and server power supply cost) has held relatively steady for a while which makes it easier to do that.

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