- will Porat be cutting "other bets", rumors is that other bets is in line for a big budget cuts
- Options implied vol is showing enough movement baked in that GOOG could become largest company by Market Cap if the street likes their numbers, and GOOG doesn't disappoint often
- Like Facebook the public and wallstreet have weighed in and they love money more than privacy.
- analysts are not in anyway mixed about Google's prospects
- 41 buy recommendations vs 2 hold and 0 sell
Add Revenue:
- 4Q paid clicks on Google's own sites is up 66%, seems high enough that it's not organic but more than likely increased advertising space on sites, forced youtube videos, etc
- Cost per click on Google's own sites is down 29%
Numbers:
- 4Q profit of $8.2B est $8.7B
- 4Q EPS $12.77
- 4Q expenses $31.2B up from $24.7B yoy.
- 6.85B on capex vs $3.8B yoy
- 4Q operating margin 21% down from 24% yoy.
- 4Q other bets lost $1.33 billion, don't hear much about these bets anymore but that is an outsized loss in this category.
-Again they mention Verily and Waymo in passing but no details worth mentioning.
- 4Q Add Revenue $32B
- 4Q own site revenues $27B
Misc:
- shares are down a bit, lots of volume, nothing out of ordinary, guessing its mostly covering and profit taking.
- Too bad for almost all factor models that really on trade on tech Momentum
- The company added nearly 20,000 employees over the year. * WOW, double check this, that's a large head count addition.
- can't find any Cloud break outs, I guess MSFT and AMZN are really beating them, given how much of a growth engine it is for the 2 leaders I can't see why GOOG would hid it if they were able to compete.
- No youtube breakout of revenues, Again not a bullish sign for that division, stil nothing on youtube on the call.
- EDIT on the earnings call they did talk briefly about Youtube, no real new numbers though, just their assurance that youtube is crushing it
- Porat is doing gymnastics to talk about youtube but not actually say anything about youtube. Are youtbue numbers really that bad????
- Google was the top lobby spender of 2018, not in tech but for all companies. Silicon Valley is now arguably bigger force than Wall Street on US politics.
- margins are down and spending is up, not sure if its GOOG that wants to spend to grow or its competitors that are forcing it to compete. Either way, this competition is great for tech salaries
- Employees totaled 98,771 in the quarter vs 80,110 a year ago, WOW