TMTB: GOOGL AMD RDDT SNAP First Takes
GOOGL +3%: Looks solid with 2% rev beat, search +12.5% vs bogeys of 12% and street at 11.5%; Operating Income beat by 7% although helped by some one time items
YT inline while GCP beat by 5%. Capex inline at $13B. Great print overall as expected by many. Key is will investors drive follow through as regulatory/search issues linger…Let’s see what Sundar says on the call…
Q3 Results:
- Revenue $88.27B, EST $86.45B
- Google advertising revenue $65.85B, EST $65.5B
- Google Search & Other Revenue $49.39B, EST $49.08B
- YouTube ads revenue $8.92B, EST $8.89B
- Google Network Revenue $7.55B, EST $7.41B
- Google Subscriptions, Platforms and Devices Revenue $10.66B, EST $9.79B
- Google Services revenue $76.51B, EST $75.24B
- Google Cloud revenue $11.35B, EST $10.79B
- Other Bets revenue $388M, EST $377.9M
- EPS $2.12, EST $1.84
- Operating income $28.52B, EST $26.67B
- Google Services operating income $30.86B, EST $28.47B
- Google Cloud operating income $1.95B, EST $1.11B
- Other Bets operating loss $1.12B, …
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