400tmax Background As part of my preview of Alphabet’s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) 4Q earnings, I noted that I expect a generally neutral quarterly report. In fact, that is what happened. A 3% fall in stocks after the publication of financial statements partly offset the growth of shares along with the entire market on the eve of the 4Q reporting. Before reading this article, I recommend that you familiarize yourself with my preview of the reporting. In this article, I’ll go over GOOGL’s 4Q results and then look at the company’s multiples in comparison with its peers. Looking ahead, I keep my positive view on GOOGL’s shares, even despite the slowdown in the global advertising market. Overview of the 4Q 2022 results GOOGL’s total revenue was at $76 billion (+1% YoY, +10% QoQ), 1% worse than consensus. Excluding the F/X impact, the revenue growth was 7% YoY. Operating income fell 17% YoY to $18.1 billion (+6% QoQ, margin 24%), 4% worse than consensus. Free cash flow totaled at $16.3 billion (-12% YoY, +2% QoQ). The FCF margin was at 21%, a year earlier it was at 25%, and a quarter earlier it was at 23%. Earnings per […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
