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Meta Platforms:Quarterly Results/2023 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q1 (view source)
Revision as of 09:00, 26 April 2023
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==== Alphabet ==== | ==== Alphabet ==== | ||
* Alphabet reported You Tube advertising and Google advertising revenue that came in-line with estimates. | * Alphabet reported You Tube advertising and Google advertising revenue that came in-line with estimates. Revenues for Google Advertising, Search and Others grew 2% year-over-year, "reflecting an increase in the travel and retail verticals, offset partially by a decline in finance as well as in media and entertainment."<ref>https://seekingalpha.com/article/4596558-alphabet-inc-goog-q1-2023-earnings-call-transcript</ref> | ||
* CFO Ruth Porat said in the earnings call that You Tube ad spend is seeing stabilization. " In YouTube, we saw signs of stabilization in ad spend on a sequential basis. We continue to prioritize growth in Shorts engagement where we are encouraged by progress in monetization," She said. | * CFO Ruth Porat said in the earnings call that You Tube ad spend is seeing stabilization. " In YouTube, we saw signs of stabilization in ad spend on a sequential basis. We continue to prioritize growth in Shorts engagement where we are encouraged by progress in monetization," She said. | ||
* Regarding the economy, Ruth said that it continues to remain uncertain but that foreign exchange headwinds have diminished. " In terms of the operating environment, our results in the first quarter reflected ongoing headwinds due to a challenging economic environment and the outlook remains uncertain. Foreign exchange headwinds have moderated, and we expect less of a foreign exchange headwind in the second quarter based on current spot rates, " She said in the earnings call. <ref>https://seekingalpha.com/article/4596558-alphabet-inc-goog-q1-2023-earnings-call-transcript</ref> | * Regarding the economy, Ruth said that it continues to remain uncertain but that foreign exchange headwinds have diminished. " In terms of the operating environment, our results in the first quarter reflected ongoing headwinds due to a challenging economic environment and the outlook remains uncertain. Foreign exchange headwinds have moderated, and we expect less of a foreign exchange headwind in the second quarter based on current spot rates, " She said in the earnings call. <ref>https://seekingalpha.com/article/4596558-alphabet-inc-goog-q1-2023-earnings-call-transcript</ref> | ||
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|You Tube Advertising Revenue<ref>https:// | |You Tube Advertising Revenue<ref name=":10">https://finance.yahoo.com/news/alphabet-first-quarter-earnings-top-estimates-announces-70b-stock-buyback-200904755.html</ref> | ||
|$6.64 | |$6.64 | ||
| -3.35% | | -3.35% | ||
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| -2.62% | | -2.62% | ||
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|Google advertising revenue | |Google advertising revenue<ref name=":10" /> | ||
|$53.75 | |$53.75 | ||
| -0.2% | | -0.2% | ||