Google tops Q3 2023 earnings? Read & decide.
@JC888：
$Alphabet(GOOG)$ will be reporting its Quarterly earnings after US market closes on Tue, 24 Oct 2023. On the eve of its reporting, what will the outcome be? Market expectations: Analysts expecting earnings to pop on easier YoY comparisons. According to consensus estimates, YouTube's advertising revenue growth should have rebounded. Earnings per share (EPS) is expected to jump +30% to $1.46. Google earnings rose +17%, snapping 5 consecutive quarters of declining profits in the June quarter. Based on FactSet, Q3 2023 gross revenue is expected to rise +10% to $76 Billion. SHOW ME THE MONEY! (1) Ad Revenue. Wall Street analysts: Expect core digital ad revenue to climb +8.6% to $59.1 Billion. Expect YouTube advertising revenue to rise 10.7% to $7.82 b
