Alphabet (google) reported revenue of $90.23 billion and earnings per share of $2.81. Shares rose as much as 4% on stronger-than-expected revenue growth.
Revenue: $90.23 billion vs. $89.12 billion expected
Earnings per share: $2.81 vs. $2.01 expected
YouTube advertising revenue: $8.93 billion vs. $8.97 billion.
Google Cloud revenue: $12.26 billion vs. $12.27 billion.
Traffic acquisition costs (TAC): $13.75 billion vs. $13.66 billion,
Google has the leading LLM AI model with Gemini but usage is very low.
Chamath from the All in Podcast says that Gemini needs to be made the front of everything at Google except the main search page. They can figure out how to deal with the main search integration with AI later.
Overall advertising brought in $66.89 billion, up 8.5% from the year prior.
The company’s Search and other segment reported $50.7 billion, up 9.8% from $46.16 billion a year prior. Alphabet said AI Overviews, its AI tool placed at the top of Google’s search results page, now has 1.5 billion users per month, up from one billion in October.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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