Alphabet、MSFT、META Earnings Report
Alphabet's Q3 2023 Earnings: Revenue Soars to $77B, up 11% YoY! 🚀 Strong Growth in Search, YouTube, and Cloud. Diluted EPS Jumps to $1.55: Revenue Soars to $77B, up 11% YoY! 🚀 Strong Growth in Search, YouTube, and Cloud. Diluted EPS Jumps to $1.55
Financial Performance:
✅ Revenue: $77 billion, an 11% increase year over year, fueled by Search, YouTube, and Cloud.
✅ Operating Income: $21.3 billion, with an operating margin of 28%, showing strong business fundamentals.
✅ Net Income: $19.7 billion, significantly up from last year's $13.9 billion.
✅ Diluted EPS: Increased from $1.06 to $1.55, demonstrating enhanced shareholder value.
Business Segments:
✅ Google Search & Other: Revenue of $44 billion, indicating strong user engagement and ad performance.
✅ YouTube Ads: Revenue of $7.95 billion, continues to be a strong platform for advertisers.
✅ Google Cloud: Revenue of $8.41 billion, displaying momentum in cloud services.
✅ Other Bets: Revenue of $297 million, although a smaller segment, showing potential for future growth.
Workforce and Office Space:
✅ Workforce Reduction: Severance and related charges of $86 million for Q3 and $2.1 billion for the first nine months of 2023.
✅ Office Space Optimization: Exit charges of $16 million for Q3 and $649 million for the first nine months of 2023, as Alphabet evaluates its real estate needs.
CEO Statement
"I’m pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress and lots more to come." - Sundar Pichai, CEO, Alphabet Inc.
"I’m pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress and lots more to come." - Sundar Pichai, CEO, Alphabet Inc.
Microsoft's FY24 Q1 Earnings: Revenue Skyrockets to $56.5B, up 13%! 🚀 Azure & Cloud Drive Massive Gains! 💡
Financial Performance
✅ Revenue: $56.5 billion, a 13% YoY increase (12% in constant currency).
✅ Operating Income: $26.9 billion, up 25% YoY (24% in constant currency).
✅ Net Income: $22.3 billion, increased by 27% YoY (26% in constant currency).
✅ Diluted EPS: $2.99, a growth of 27% YoY (26% in constant currency).
Business Segments
✅ Productivity & Business Processes: $18.6 billion in revenue, up 13% (12% in constant currency).
✅ Intelligent Cloud: $24.3 billion in revenue, up 19% YoY.
✅ More Personal Computing: $13.7 billion in revenue, increased by 3% (2% in constant currency).
Other Highlights
✅ Microsoft Cloud: Revenue of $31.8 billion, up 24% (23% in constant currency).
✅ Shareholder Returns: Microsoft returned $9.1 billion to shareholders via share repurchases and dividends.
CEO Statement
"With copilots, we are making the age of AI real for people and businesses everywhere. We are rapidly infusing AI across every layer of the tech stack to drive productivity gains for our customers.” - Satya Nadella, CEO, Microsoft Corp.
Meta's Q3 2023 Earnings Report: Revenue Soars 23% to $34.15B, Net Income Skyrockets 164%, and Remarkable 168% Jump in EPS! 🎉
Financial Metrics:
✅ Revenue: Remarkable 23% YoY growth, reaching $34.146 billion.
✅ Net Income: An impressive leap of 164% YoY to $11.583 billion.
✅ EPS: Diluted Earnings Per Share shot up by 168% to $4.39.
✅ Costs and Expenses: A decrease of 7% YoY to $20.398 billion, indicating higher efficiency.
✅ Operating Margin: Doubled from 20% to 40%, signaling strong profitability.
Operational Highlights:
✅ User Engagement: Family DAP and MAP increased by 7%, while Facebook's DAUs and MAUs saw a 5% and 3% rise respectively.
✅ Ad Business: Ad impressions across apps increased by 31%, although average price per ad dipped by 6%.
✅ Capital Expenditures: $6.76 billion, including principal payments on finance leases.
✅ Share Repurchases: $3.7 billion of Class A common stock repurchased.
✅ Cash Reserves: Strong liquidity with cash and equivalents at $61.12 billion.
✅ Headcount: Reduced by 24% as part of restructuring efforts.
Restructuring:
✅ Efficiency Measures: Comprehensive restructuring efforts substantially completed, focusing on employee layoffs and facilities consolidation.
✅ Charges: A total of $305 million and $1.94 billion recorded in restructuring charges for Q3 and the first nine months of 2023, respectively.
CEO Statement:
"We had a good quarter for our community and business," said Mark Zuckerberg, Meta founder and CEO. "I'm proud of the work our teams have done to advance AI and mixed reality."
"We had a good quarter for our community and business," said Mark Zuckerberg, Meta founder and CEO. "I'm proud of the work our teams have done to advance AI and mixed reality."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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