Alphabet: Google (NASDAQ:GOOG) Reports Earnings
So Alphabet, better known as Google (NASDAQ:GOOG), just reported earnings and their stock is not liking it.
You guys can see it’s crashing right now.
They reported earnings per share of $1.06 versus the $1.25 estimated on revenue of 69.09 billion versus 70.91 billion.
So not only did they miss on EPS, but they also missed on revenue. So compared to last year, revenues are only up 6%.
But you guys got to realize from 2020 to 2021, revenues grew over 40%. So that kind of growth, especially for a huge company like Google, is not going to go forever.
It’s going to slow down a little bit, which is what we’re seeing right now. So, that makes complete sense to me.
We also saw YouTube ad revenue down a little bit, but Cloud revenue was up about 37% year over year.
And like a lot of companies operating margin shrunk year over year from 32% last year to now about 25%.
So do you guys own Google? Let me know. Follow along for more.