Alphabet (GOOGL) Q4 2022 Earnings

Alphabet (GOOGL) Q4 2022 Earnings
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Alphabet Inc. CEO Sundar Pichai speaks at the America’s CEO Summit hosted by the U.S. Chamber of Commerce, Thursday, June 9, 2022, in Los Angeles, California, U.S.

Kyle Grillot | Bloomberg | Getty Images

Google parent the alphabet will report fourth-quarter earnings on Thursday after the close of regular trading. Here’s what analysts expect:

  • Earnings: $1.18 per share, according to Refinitiv’s estimates.
  • Income: According to Refinitiv’s calculations, $76.53 billion.
  • YouTube ad revenue: $8.25 billion, according to StreetAccount estimates.
  • Google Cloud revenue: $7.43 billion, according to StreetAccount estimates.
  • Traffic Acquisition Costs (TAC): $13.32 billion, according to StreetAccount estimates.

Google’s core advertising business is expected to report minimal expansion from a year ago, and analysts expect growth to remain in the single digits through the end of 2023.

A slowing economy and competition from TikTok hurt Google as well as its digital advertising rivals Snap and Facebook. Snap earlier this week informed comes in weaker than expected, while Facebook mother Purpose exceeded expectations but still recorded a 4% decline in sales.

Alphabet in January announced It was laying off 12,000 workers, or 6% of its workforce. Company told the employees Recently, more of them will be at risk due to lower performance ratings than in previous years.

the alphabet too cut the staff In its health sciences division, Verily 15%, citing a restructuring that will better position the business to seek financial independence.

The pressure for Google is mounting in other ways.

AI based chatbot ChatGPT, has been activated late last year Microsoft-Supported OpenAI is considered a risk to Google’s search engine. Executives have claimed that the company could introduce a similar product to the public at some point this year. CNBC reported this week that Google’s internal is experimenting with several potential products that could impact the search business.

In January, the US Department of Justice submitted its application second antitrust more than two years into the lawsuit against Google, which targets its advertising business. It was the first federal lawsuit filed against Google during the Biden administration.

Google is now showing its willingness to invest heavily in live sports. The company during the fourth quarter agreed to pay $2 billion per year for the next seven years for YouTube to have exclusive rights to “NFL Sunday Ticket.”

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