Revenue segments as reported by the company.

Google Search & Other

YouTube Ads

Google Network Members' Properties

Google Cloud

Google Other

Other Bets

Hedging

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales & Marketing

General & Administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Operating Cash Flow

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Alphabet

DeepMind Technologies Limited is a British artificial intelligence company founded in September 2010.  Acquired by Google in 2014, the company has created a neural network that learns how to play video games in a fashion similar to that of humans, as well as a Neural Turing machine, or a neural network that may be able to access an external memory like a conventional Turing machine, resulting in a computer that mimics the short-term memory of the human brain.

DeepMind

YouTube is an American video-sharing website headquartered in San Bruno, California. The service was created by three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—in February 2005. Google bought the site in November 2006 for US$1.65 billion; YouTube now operates as one of Google's subsidiaries.

YouTube

Android is a mobile operating system developed by Google, based on a modified version of the Linux kernel and other open source software and designed primarily for touchscreen mobile devices such as smartphones and tablets. In addition, Google has further developed Android TV for televisions, Android Auto for cars, and Wear OS for wrist watches, each with a specialized user interface. Variants of Android are also used on game consoles, digital cameras, PCs and other electronics.

Android

Nest Labs is a home automation producer of programmable, self-learning, sensor-driven, Wi-Fi-enabled thermostats, smoke detectors, security cameras, and other security systems. It introduced the Nest Learning Thermostat in 2011 as its first product. The Nest Protect smoke and carbon monoxide detector was then introduced in October 2013. After the acquisition of Dropcam, the rebranded Nest Cam was introduced in June 2015. Finally, in July 2016, the Nest Cam Outdoor was released.

Nest Labs

Boston Dynamics is an American engineering and robotics design company founded in 1992 and headquartered in Waltham, Massachusetts, and is a wholly owned subsidiary of the Japanese conglomerate SoftBank Group. Boston Dynamics is best known for the development of BigDog, a quadruped robot designed for the U.S. military with funding from Defense Advanced Research Projects Agency (DARPA), and DI-Guy, software for realistic human simulation. Early in the company's history, it worked with the American Systems Corporation under a contract from the Naval Air Warfare Center Training Systems Division (NAWCTSD) to replace naval training videos for aircraft launch operations with interactive 3D computer simulations featuring DI-Guy characters. The company is a pioneer in the field of robotics and it is one of the most advanced in its domain. Marc Raibert is the company's president and project manager. He spun the company off from the Massachusetts Institute of Technology in 1992.

Boston Dynamics

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Alphabet (GOOGL) reports robust Q2 earnings, Cloud hits $10B revenue

Alphabet's Q2 performance reflects strong financials, particularly in Google Services and Cloud, while facing challenges in the Other Bets segment.
The company's strengths lie in AI-driven innovations across Search, Cloud, and autonomous driving, with opportunities in marketing and user experience enhancements.
Efforts to reengineer costs and address analyst inquiries on AI adoption and revenue mix present ongoing challenges and opportunities for Alphabet.
Overall, Alphabet's Q2 earnings call showcases a mix of solid performance, strategic strengths, challenges to address, and promising growth avenues.

Alphabet (GOOGL) excels in Q3 with AI-driven growth and cloud success

Alphabet's Q3 earnings call highlighted impressive revenue growth, particularly in Google Cloud and YouTube, driven by AI innovation. Executives emphasized the company's strong focus on AI, cloud services, and autonomous driving, while acknowledging challenges in cloud margins and user experience. With a solid financial performance and strategic initiatives in place, Alphabet is poised for continued success and growth in the tech sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Alphabet has not seen the same AI boost as other tech peers, but strong earnings power and potential from Google Cloud are being overlooked. Google Cloud, although a small part of earnings, could be worth up to 25% of the market cap, offering significant re-rating potential. I examine the real risk from OpenAI.

Google: Quantifying SearchGPT Risks Vs. Google Cloud Upside

Amplify Global Cloud Technology ETF

JPMorgan Chase & Co

Wells Fargo

U.S. stocks settled lower on Friday, with the S&P 500 logging its worst week since March 2023. The S&P 500 fell 1.73% to 5,408.42 during the session.

This Analyst With 83% Accuracy Rate Sees More Than 36% Upside In Alphabet - Here Are 5 Stock Picks For August From Wall Street's Most Accurate Analysts

ALEXANDRIA, Va.—It is a rare day when a company faces a federal-government lawsuit alleging it is illegally monopolizing the marketplace.

Google Faces Blockbuster Antitrust Case—Again

Alphabet's Google will face U.S. antitrust prosecutors on Monday in Alexandria, Virginia, where the Justice Department will seek to show the company stifled competition in online advertising technology, in the search giant's second recent showdown with the Justice Department.

Google's antitrust trial over online advertising set to begin

Smaller ad-tech firms are raising competition concerns over Google's long-brewing cookies alternative, Privacy Sandbox, at a time when the internet giant's digital ads business is already under U.S. and UK scrutiny.

Google's Privacy Sandbox adoption costs burden small ad-tech firms

DoJ accused tech giant of more monopolistic behavior a month after judge found it illegally cornered online search

Google's second antitrust suit brought by US begins, over online ads

The US Department of Justice (DoJ) is set to challenge Google's highly profitable ad tech business in a landmark antitrust trial. Starting on Monday, the case will focus on whether Alphabet, Google's parent company, has been using its dominance to stifle competition in the digital ad market.

US takes aim at Google's $200 billion ad tech business; Alphabet faces antitrust battle

Google faces its second major antitrust trial in less than a year on Monday, with the US government accusing the tech giant of dominating online advertising and stifling competition.

US takes on Google's ad tech empire in antitrust trial

Amazon

Microsoft

Tesla

After big gains in 2023, many of the "Magnificent Seven" stocks have cooled off in 2024. Alphabet, Amazon, Microsoft, and Tesla all lag the major indexes through the end of August.

Should You Buy the 4 "Magnificent Seven" Stocks That Underperformed the S&P 500 and Nasdaq Composite in 2024?

In a second antitrust trial that starts on Monday, the Justice Department has called for a breakup of the tech giant, which it says controls the vast majority of online advertising.

Google's Ad Technology to Be Challenged in Second Antitrust Trial

How the tech giant has fared in its major legal battles across the U.S. and Europe so far.

Google's Legal Scorecard Before New Antitrust Fight

On September 9, another court case against Google will begin.

Down 21%, Google Stock May Drop More After Ad Tech Antitrust Trial

I upgrade Alphabet Inc. (GOOG) from "Hold" to "Buy" due to attractive valuation and potentially overblown market pessimism on low ROI on AI investments and antitrust trials risk. I believe the antitrust case and concerns over AI-related capital expenditures are key factors driving Google's stock downward, but risks seem already priced in. Google's recent financial performance shows strong advertising revenue growth and effective cost control. The significant investments in AI and cloud infrastructure are necessary things to compete in the long run.

Google Stock Looks Tempting Already (Rating Upgrade)

Alphabet has experienced a significant decline, now down 21% from its all-time high, making the stock undervalued. Antitrust lawsuits are a risk, but I believe the valuation, strong fundamentals, and growth potential make up for the risk. Alphabet has successfully navigated lawsuits in the past, and a potential breaking up of Alphabet's business can actually unlock upside potential.

Google Stock: This Compounder Just Became Undervalued

The government has proposed potentially breaking up Alphabet. Its various business units are likely worth more separated than the combined company at present.

Opinion: Alphabet Would Be Worth More if Broken Up

A federal judge says he will deliver a punishment in Google's antitrust case by August 2025, according to The New York Times, after ruling earlier this month that Google had abused its monopoly power over the search industry.

Google to receive punishment for search monopoly by next August, says judge

Nvidia's stock gains have been propelled by strong revenue growth and impressive profits. The company's valuation is much higher than a dominant internet firm also at the forefront of the AI boom.

Missed Out On Nvidia's Run-Up? My Best AI Stock to Buy and Hold.

After ruling against Google last month, Judge Amit P. Mehta said he would take until next August to determine fixes that the company must make.

Remedies to Google's Search Monopoly Will Be Decided by August 2025, Judge Says

Why Meta Platforms, Amazon, Alphabet, and Other "Magnificent Seven" Stocks Slumped on Friday

The U.S. Department of Justice plans to ask a federal judge for remedies in the antitrust case over Alphabet's Google search by the end of the year, prosecutors said at a court hearing on Friday.

Google search monopoly case remedies to come by December

The U.K.'s Competition and Markets Authority (CMA) said Alphabet's (GOOGL) Google may have broken U.K. competition laws by abusing its influence and using “anti-competitive” practices in prioritizing its ad exchange.

UK Regulator Says Google's Ad Practices May Have Broken Competition Law

The United Kingdom's Competition and Markets Authority (CMA) said Friday (Sept. 6) that it has found that Google may have harmed competition by using its dominance in online display advertising to favor its own ad technology services.

UK's CMA Says Google's Ad Tech Practices May Violate Competition Law

CMA says tech company has ‘abused its dominant position' to the detriment of publishers and advertisers

Google using anti-competitive tactics in UK ad market, claims watchdog

Google's future as provider of the world's most dominant search engine rests in the hands of a federal court judge who last month ruled the company has a monopoly on internet search.

Future of Google search rests with judge who will strip away monopoly power: Q&A with antitrust expert

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