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Alphabet:Quarterly Results/2022 Q4: Difference between revisions
Alphabet:Quarterly Results/2022 Q4 (view source)
Revision as of 00:20, 3 February 2023
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* Google Cloud revenue: $7.32 billion vs. $7.43 billion expected | * Google Cloud revenue: $7.32 billion vs. $7.43 billion expected | ||
=== Earnings call notes: <ref>https://seekingalpha.com/article/4574870-alphabet-inc-goog-q4-2022-earnings-call-transcript</ref> === | |||
* First focus willebe AI advances. Next updates: | |||
# Coming weeks and months, they will make language models available, starting with LaMDA. | |||
# soon, people will be able to interact with their language models as a companion to Search | |||
# Will Provide new tools and APIs for developers, creators, and partners. | |||
* Second focus will be to invest more responsibly to operate more cost effectively. | |||
* YouTube Shorts, averaging over 50 billion daily views, up from the 30 billion announced on the Q1 2022 call. | |||
* YouTube Music and Premium surpassing 80 million subscribers, including trials. | |||
* There was further pullback in spend by some advertisers in Search in Q4 versus Q3. No guidance whon en it will get better. | |||
* For the full year 2022, CPCs were down 1% versus last year. Clicks were up 10% in 2022, reflecting a number of factors, including increased engagement, primarily on mobile devices and improvements in ad formats. | |||
* Increase in R&D expenses, primarily driven by headcount growth, followed by an increase in G&A expenses. These increases were partially offset by a decline in sales and marketing expenses. | |||
* In Q4, they added 3,455 people. As in prior quarters, the majority of hires were for technical roles. Will slow the pace of hiring from now on. | |||
* Reducing cost: First using AI and automation to improve productivity across Alphabet for operational tasks, as well as the efficiency of our technical infrastructure; second, managing spend with suppliers and vendors more effectively; and third, optimizing how and where to work. | |||
* For 2023, total CapEx to be generally in line with 2022, with an increase in technical infrastructure versus a decline in office facilities | |||
* Beginning Q1, DeepMind financials will be reported within our corporate cost segment. | |||
== Expectations[edit | edit source] == | == Expectations[edit | edit source] == | ||