TMTB: GOOGL TXN First Takes

GOOGL looks fine with search beat +13.7% vs expects of 12.5%-13%; OI Beat; Cloud beat but YT a bit weaker

Very non-dramatic q….

GOOGL RESULTS: Q2
- Revenue $84.74B, EST $84.37B
- Google advertising revenue $64.62B, EST $64.53B
- YouTube ads revenue $8.66B, EST $8.95B
- Google Search & Other Revenue $48.51B, EST $47.65B
- Google Network Revenue $7.44B, EST $7.87B
- Google Subscriptions, Platforms and Devices Revenue $9.31B, EST $9.38B
- Google Services revenue $73.93B, EST $73.58B
- Google Cloud revenue $10.35B, EST $10.09B
- Other Bets revenue $365M, EST $389.6M
- EPS $1.89, EST $1.84
- Operating income $27.43B, EST $26.37B
- Google Services operating income $29.67B, EST $28.13B
- Google Cloud operating income $1.17B, EST $982.2M
- Other Bets operating loss $1.13B, EST loss $1.07B
- Operating margin 32%, EST 31.8%
- Capital expenditure $13.19B, EST $12.23B
- Number of employees 179,582