{"id":2463347,"date":"2023-04-26T13:17:15","date_gmt":"2023-04-26T17:17:15","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2463347"},"modified":"2023-04-26T13:17:17","modified_gmt":"2023-04-26T17:17:17","slug":"alphabet-market-celebrates-cloud-profit-and-ad-strength","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/alphabet-market-celebrates-cloud-profit-and-ad-strength\/","title":{"rendered":"Alphabet &#8211; Market Celebrates Cloud Profit And Ad Strength"},"content":{"rendered":"\n<ul>\n<li>Alphabet Inc (NASDAQ:GOOGL)&#8217;s Revenue beat expectations in the first quarter, coming in at $69.8bn, after a string of missing consensus estimates<\/li>\n\n\n\n<li>Ad revenue was better than expected but still fell year-on-year, at $54.6bn. YouTube ad revenue was in-line with expectations but also fell<\/li>\n\n\n\n<li>Google <a href=\"https:\/\/www.valuewalk.com\/four-ways-cloud-computing-is-changing-telecom-industry-forever\/\">Cloud <\/a>has reached a milestone by becoming profitable for the first time, recording operating profit of $191m<\/li>\n\n\n\n<li>A $70bn buyback was announced<\/li>\n\n\n\n<li>The shares initially rose 4.0% in after-hours trading<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Alphabet&#8217;s Earnings<\/h2>\n\n\n\n<p>Alphabet\u2019s cloud business has emerged in profit-positive territory for the first time. This is a feat that has undoubtedly been accelerated by the recent uplift in demand and excitement around <a href=\"https:\/\/www.valuewalk.com\/ai-will-reshape-the-finance-sector-heres-how\/\">artificial intelligence<\/a>.<\/p>\n\n\n\n<p>Despite not necessarily being the front runner in this space, the changing tech landscape is a tide that lifts all ships \u2013 all ships that can afford a seat at this table, of which there are very few.<\/p>\n\n\n\n<div class=\"ca-widget\" data-token=\"k8f5c9ac62a4\"><\/div><script async defer src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script>\n\n\n\n<p>The market is especially congratulatory about Alphabet\u2019s better-than-expected advertising revenue. This breaks the curse of a difficult run where consensus estimates seemed like an impossible target to reach.<\/p>\n\n\n\n<p>As the ultimate bellwether for the advertising industry, Alphabet\u2019s strong showing could have a positive read across for Meta\u2019s imminent results.<\/p>\n\n\n\n<p>The stronger showing from YouTube also speaks volumes, as this has long been pegged as a structural growth opportunity for the tech giant, but growing competition from the likes of TikTok has created more of a bearish buzz around the business than usual in recent quarters.<\/p>\n\n\n\n<p>Plenty of economic challenges still persist, but Alphabet\u2019s first quarter should be seen as nothing short of a triumph.<\/p>\n\n\n\n<p><em><strong>Article by Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown<\/strong><\/em><\/p>\n ","protected":false},"excerpt":{"rendered":"<p>Alphabet&#8217;s Earnings Alphabet\u2019s cloud business has emerged in profit-positive territory for the first time. This is a feat that has &#8230; <a title=\"Alphabet &#8211; Market Celebrates Cloud Profit And Ad Strength\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/alphabet-market-celebrates-cloud-profit-and-ad-strength\/\" aria-label=\"More on Alphabet &#8211; Market Celebrates Cloud Profit And Ad Strength\">Read more<\/a><\/p>\n","protected":false},"author":22076,"featured_media":2462708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6640],"tags":[658971,647313,650159],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2463347"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/22076"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2463347"}],"version-history":[{"count":3,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2463347\/revisions"}],"predecessor-version":[{"id":2463350,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2463347\/revisions\/2463350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2462708"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2463347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2463347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2463347"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2463347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}