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Google Earnings ...Search, YouTube and The Cloud...AI Will Make Them Better
Howard Lindzon
February 01, 2024
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Social Leverage is an investor (Fund IV)
Good morning…
Now that Google earnings have passed by yet again, I wanted to take a look at all the drama and decide if anything has changed. I own The Google.
Google has been volatile the last few years as investors, analysts and media worry about ‘search’. The company is regularly called ‘woke’ and ‘aimless’.
The tweet below highlights the volatility…
Alphabet $GOOGL declined 7.5% today, its biggest loss since October and its 6th worst day in the last decade
— Barchart (@Barchart)
Jan 31, 2024
Koyfin’s tweet gives you some longer, historical context…
Shares of $GOOGL fell 7.5% yesterday, making for one of the largest 1D drops in history.
Rarely, it falls so much in a single day.
— Koyfin (@KoyfinCharts)
Feb 1, 2024
All that matters to me though are the numbers and overall direction which seem fine - especially since advertising sales in 2023 were brutal. Relatively, Google crushed.
Alphabet $GOOG $GOOGL Q4 Results:
- Total Revenue $86.3B, up 13% YoY
- Operating Income of $23.7B, up 30% YoY"We remain committed to our work to durably re-engineer our cost base"
Stock down 4% after hours
— FinChat (Formerly Stratosphere.io) (@finchat_io)
Jan 30, 2024
While Sundar will never get the praise of Satya (Microsoft), he seems on the case and I will stick with Google…
Sundar Pichai hits the nail on the head by kicking the earnings call off with addressing why AI will help search. The bear case on $GOOG is that search will be diminished in the future.
* Pichai says AI making search 40% faster in English. *Also AI is making it easier for Google… twitter.com/i/web/status/1…
— Gene Munster (@munster_gene)
Jan 30, 2024
AI in the hands of Google is the AI I care about as a consumer. Search, YouTube and the cloud are the future for Google and search disruption hype still seems overblown to me.
Have a great day.
PS…
This Tim Cook cover photo made me laugh.
I think the Vision Pro is perfect for the back of an Uber or an airplane and Tim chose a setting that seems really forced as I won’t be using mine at my desk.
The best part of this pic how unhappy Tim Apple looks wearing the goggles
— Sean Tuffy (@SMTuffy)
Feb 1, 2024
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