Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
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Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#2Summary 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 $1.64Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#3Summary 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
Okay so why is GOOG -4% in after hours this time? :)
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#4This 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.
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#5Google Cloud made $864M in profit in a single quarter, more than ever before.
Google Bets lost $863M in the same period, much less than ever before.
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#6Summary 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
Okay so why is GOOG -4% in after hours this time? :)
The market can remain irrational something something.
Besides, it’s a good opportunity. If it’s down, the stocks are on sale. I still regret not buying Meta when the markets were crashing last time.
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#7Summary 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
Okay so why is GOOG -4% in after hours this time? :)
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...
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#8Google 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.
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#9Earlier quoted context omitted.
Okay so why is GOOG -4% in after hours this time? :)
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 haha
Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]
#10This 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 wonder how the TVC headcount has changed y/y. They don't publish that data.