Alphabet's YouTube Slowdown And OpenAI's Search News Eclipsed The AI Prospects
Alphabet's YouTube Slowdown And OpenAI's Search News Eclipsed The AI Prospects
Last Tuesday, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) kicked off Big Tech's earnings season by reporting its second quarter financials. While its top and bototm line surpassed Wall Street estimates due to the strength of Search ads and continued cloud growth, YouTube advertising revenue came short due to tough competition for ad dollars. Shares fell with fears that rising AI infrastructure investments would continue to squeeze margins.
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)在上週二公佈了第二季度的業績,拉開了科技巨頭的業績期。儘管其廣告搜索和雲業務仍然強勁增長,業績超過了華爾街的預期,但YouTube廣告收入由於競爭激烈,未能達到預期,股價下跌。由於人工智能基礎設施投資上升,可能會繼續擠壓利潤率,而導致股價下跌。
Second quarter highlights
第二季度要點
Driven by search as well as cloud, which surpassed $10 billion in quarterly revenues and $1 billion in operating profit for the first time, revenue grew 14% YoY to $84.74 billion, suprassing LSEG's $84.19 billion consensus estimate.
受到搜索和雲等業務的推動,營業收入同比增長14%,達到了847.4億美元,首次超過LSEG的841.9億美元的共識估計,同時雲業務第一次產生了100億美元的季度營收和10億美元的營業利潤。
YouTube advertising brought in $8.66 billion, which was short of StreetAccount's $8.93 billion.
YouTube廣告收入爲86.6億美元,低於StreetAccount的89.3億美元預期。
On the other hand, Google Cloud revenue brought in $10.35 billion, surpassing StreetAccount's estimate of $10.20 billion.
另一方面,谷歌雲業務營收爲103.5億美元,超過StreetAccount的預期102億美元。
Advertising business continued to grow, although at a slower pace compared to the first quarter, with revenue reaching $64.62 billion, growing from last year's comparable quarter when it amounted to $58.14 billion.
儘管廣告業務增長速度比一季度慢,但營收仍然增長,達到了646.2億美元,高於去年同期的581.4億美元。
"Other Bets" unit that is home to the self-driving car company Waymo, brought in $365 million, growing from last year's comparable quarter when it amounted to $285 million.
“其他投資”部門是無人駕駛汽車公司Waymo的母公司,營收爲36500萬美元,高於去年同期的28500萬美元。
With traffic acquisition costs of $13.39 billion coming in lower than StreetAccount's $13.54 billion, net income also grew from last year's comparable quarter when it amounted to $18.4 billion, or $1.44 per share to $23.6 billion, or $1.89 per share.
淨利潤爲236億美元,每股收益爲1.89美元,低於StreetAccount的135.4億美元的流量獲取成本。相比去年同期的184億美元或每股收益1.44美元,淨收入上升。
The AI story remains vague
人工智能業務的前景還很模糊
While Alphabet continues to spend billions to build its AI capabilities with majority of capital expenditures going towards servers and data centers, CEO Sundar Pichai sidestepped to answer when will all this spending pay off in actual revenue. Pichai added that when it comes to such long-term bets, it is better to overinvest rather than risking to fall behind. Alphabet's latest report did not reveal how much Google's AI investments are contributing to its bottom line.
雖然Alphabet繼續投資數十億美元來構建其人工智能能力,其中大部分資本支出都用於服務器和數據中心,但首席執行官Sundar Pichai迴避了這些支出何時會在實際營收中得到回報的問題。Pichai補充說,在這種長期投資中,過度投資比冒險落後要好。Alphabet的最新報告沒有透露Google的人工智能投資爲其底線帶來了多少貢獻。
On the other hand, Microsoft Corporation (NASDAQ:MSFT)- backed OpenAI announced a a search engine of its own on Thursday. With the AI-powered search engine, Microsoft promises to ramp up pressure on Google. With the help of OpenAI, Microsoft could challenge Google's dominance in the search arena, as OpenAI promises to give consumers new ways to serach for information online. Upon the news from Microsoft-backed OpenAI, Alphabet shares dropped more than 3%.
另一方面,Microsoft Corporation (NASDAQ:MSFT)下屬的OpenAI在週四宣佈推出其自己的搜索引擎。憑藉這個基於人工智能的搜索引擎,微軟承諾加強對谷歌的壓力。在OpenAI的幫助下,微軟可能會挑戰谷歌在搜索領域的主導地位,因爲OpenAI承諾爲消費者提供在線搜索信息的新方法。在Microsoft支持的OpenAI的消息傳出後,Alphabet的股價下跌了逾3%。
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