Google Earning Q1 2024 [pdf]

#1

Post by neel8986 » Thu, Apr 25, 2024, 8:07 PM UTC

Google Earning Q1 2024 [pdf]
abc.xyz

Re: Google Earning Q1 2024 [pdf]

#2

Post by pb7 » Thu, Apr 25, 2024, 8:09 PM UTC

Stock is +13% after hours so far.

Re: Google Earning Q1 2024 [pdf]

#3

Post by samspenc » Thu, Apr 25, 2024, 8:14 PM UTC

Wow they announced their first-ever dividend (following Meta which announced theirs last quarter).

Re: Google Earning Q1 2024 [pdf]

#4

Post by endisneigh » Thu, Apr 25, 2024, 8:17 PM UTC

Fascinating that they’re issuing a dividend. Can’t find anything better to do to drive growth?

Re: Google Earning Q1 2024 [pdf]

#5

Post by neel8986 » Thu, Apr 25, 2024, 8:20 PM UTC

endisneigh wrote: post #4

Fascinating that they’re issuing a dividend. Can’t find anything better to do to drive growth?

It is $300B/year company growing at 15%. I don't think growth is an issue here

Re: Google Earning Q1 2024 [pdf]

#6

Post by endisneigh » Thu, Apr 25, 2024, 8:22 PM UTC

neel8986 wrote: post #5

endisneigh wrote: post #4

Fascinating that they’re issuing a dividend. Can’t find anything better to do to drive growth?

It is $300B/year company growing at 15%. I don't think growth is an issue here

Better

Re: Google Earning Q1 2024 [pdf]

#7

Post by duringmath » Thu, Apr 25, 2024, 8:23 PM UTC

endisneigh wrote: post #4

Fascinating that they’re issuing a dividend. Can’t find anything better to do to drive growth?

It's not like they can make any major acquisitions in this political environment.

Re: Google Earning Q1 2024 [pdf]

#8

Post by darth_avocado » Thu, Apr 25, 2024, 8:25 PM UTC

> Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders

The most important item on the report

Re: Google Earning Q1 2024 [pdf]

#9

Post by dmckinno » Thu, Apr 25, 2024, 8:26 PM UTC

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%.

This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I guess our demographic is not predictive of the larger market.

Re: Google Earning Q1 2024 [pdf]

#10

Post by addaon » Thu, Apr 25, 2024, 8:26 PM UTC

Interesting that they think they're out of internal projects and acquisitions to (profitably) spend money on. Even more interesting that the stock seems to agree -- I guess investors already believed that growth is over, and are seeing this recognition of that as an alignment between reality and internal strategy.