Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

abc.xyz

Post reply on HN
Print view View original

41–50 of 192 posts

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#41

Post by clhodapp »

Workaccount2 wrote: post #27
disillusioned wrote: post #22

Earlier quoted context omitted.

Waymo _might_ be the sole survivor here... they are ABSOLUTELY trying their damndest with it. It's remarkable to not go a single day without seeing a driverless Waymo doing its thing. (I live in Central Phoenix, they're _everywhere_.) The core concept is being proven pretty well, in markets with good weather and good roads at least... whether they can achieve some sort of critical mass that allows them to recoup any…

I always imagined Google licensing the tech as opposed to spinning up a fully fledged national taxi service.

Interesting. I could imagine Uber mortgaging their whole market cap to acquire Waymo as a lifeline to staying relevant in the long term. They would essentially be "buying" what has always been their long-term product vision.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#42

Post by laverya »

morkalork wrote: post #29
resolutebat wrote: post #5

Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.

Does that mean we'll stop seeing all the alarmist posts about how one should never build on GCP?

Only when they buy back their domains business from Squarespace.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#43

Post by badrequest »

morkalork wrote: post #29
resolutebat wrote: post #5

Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.

Does that mean we'll stop seeing all the alarmist posts about how one should never build on GCP?

Those posts are an HN staple, this place wouldn't be the same without it. I think I've been using GCP longer than most people's projections of how long it would last.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#44

Post by Grollicus »

Always42 wrote: post #39

From page 1: The following table summarizes our consolidated financial results for the quarters and years ended December 31, 2022 and 2023 (in millions, except for per share information and percentages But the numbers appear to be billion (no way revunue 80mil) in the following table? what am i missing

revenue is ~80000mil, that comma is a thousands separator

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#45

Post by javiramos »

jeffbee wrote: post #8
resolutebat wrote: post #5

Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.

I wonder if that is good news. You can look at it either as they slowed how much money they pour into the moonshots incinerator, or they stopped investing in potential unicorn lines of business.

What are some promising Google moonshots apart from Waymo?

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#46

Post by saos »

tra3 wrote: post #4

This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.

I reckon they’ll be a deeper cut

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#47

Post by jwr »

samspenc wrote: post #2

Summary from the release for Q4: - Revenue increased from $76B to $86B (13% increase) - Operating income increased $18.1B to $23.7B - Net income increased $13.6B to $20.7B - Diluted EPS increased $1.05 to $1.64

I highly recommend reading the excellent book "Financial Intelligence" if anyone wants to actually interpret these numbers.

Having read the book, the section "Change in Useful Lives of Our Server and Network Equipment" immediately caught my eye. It's a classic maneuver.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#48

Post by jsnell »

Always42 wrote: post #39

From page 1: The following table summarizes our consolidated financial results for the quarters and years ended December 31, 2022 and 2023 (in millions, except for per share information and percentages But the numbers appear to be billion (no way revunue 80mil) in the following table? what am i missing

You're presumably reading "," as a decimal separator (like continental Europe) rather than a thousands separator (English-speaking countries).

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#49

Post by wtf_is_up »

tra3 wrote: post #4

This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.

> The company added that for 2023, it's taken charges related to employee severance of $2.1B, with $1.2B in exit charges taken for the last three months of the year. It's also continuing work to optimize global office space.

https://seekingalpha.com/news/4060311-alphabet-falls-4-as-ad...

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#50

Post by crowcroft »

atorodius wrote: post #9
mydogcanpurr wrote: post #7

Earlier quoted context omitted.

I don’t know if it’s the actual reason, but they missed ad revenue expectations according to Yahoo. https://finance.yahoo.com/news/stock-market-today-nasdaq-fal...

Hm there it says Revenue, excluding traffic acquisition costs: $72.32 billion vs. $70.97 billion expected ($63.12 billion in Q4 2022) Adjusted earnings per share: $1.64 vs. $1.59 expected ($1.05 in Q4 2022) Cloud revenue: $9.19 billion vs. $8.95 billion expected ($7.32 billion in Q4 2022) Ad revenue: $65.5 billion vs. $65.8 billion expected ($59.04 billion in Q4 2022) I hope that 0.3 is not the reason for that slip h…

Almost definitely the case that people are disappointed in the ad revenue.

GCP is growing to be a meaningful part of Google's revenue, but the actual profit at Google is almost entirely ad revenue. If that is a miss, and on the horizon we see AI disrupting search and increased competition in digital video advertising then what does that mean for the future of Google?

I think that's probably being a bit pessimistic, but that's probably the argument.

Post reply on HN