Alphabet Earnings: Mobile And YouTube Will Continue To Drive Revenue In The Future Even As Investment Outlay For Other Bets Is Expected To Increase
Alphabet Inc. (NASDQ:GOOG, GOOGL) reported its second quarter results on Thurday, July 28th. Both revenues and EPS beat the market expectations, driven by strong advertising sales. While the revenues grew by over 21% to $21.50 billion year over year, non-GAAP earnings per share grew to $8.42. The primary reason for ads revenue growth was the strength in mobile ads and increased display ads on YouTube. This trend is expected to continue in the coming quarters, and Google will continue to post robust growth. Other bets, which are in pre-revenue stage, continued to report losses. This is expected to continue in the future as the company undertakes significant investment, especially in the fiber business. A summary of its results is as follows:
Have more questions about Alphabet? See the links below:
- What’s Alphabet’s Revenue And Earnings Breakdown?
- What’s Alphabet’s Fundamental Value Based On 2015 Results?
- By What Percentage Did Alphabet’s Revenue And EBITDA Increase In The Last Five Years?
- By What Percentage Can Alphabet’s Revenues And EBITDA Grow In The Next 3 Years?
- Beating S&P 500 by 37% Since The Start Of 2023, Where Is Alphabet Stock Headed?
- Beating The S&P 500 By 40% Since The Start Of 2023, What To Expect From Alphabet Stock In Q4?
- After 50% Move This Year Alphabet Stock To Outperform The Estimates In Q3
- Alphabet Stock Outperformed The Street Expectations In Q2
- What To Expect From Alphabet Stock ?
- Alphabet Stock Lost 10% In One Week, What’s Next?
Notes:
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap |More Trefis Research