To The Moon

$Alphabet(GOOG)$ 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 billion. Based on Evercore ISI analyst Mark Mahaney — "intra-quarter checks" point to "continued modest recovery in the overall ad spending environment and consistently high wallet share for internet search. The big “unknown" includes: Whether the "recent industry strikes would have driven "linear ad spend towards digital channels (YouTube)." How much of stiff competition from TikTok, has eroded Youtube’s revenue. Google management is expected to comment on YouTube TV subscriber growth amid newly acquired streaming rights for NFL Sunday Ticket, during the earnings conference. (2) Cloud Computing Services. Based on Dgtl Infra, Mary Zhang’s 10 Oct 2023 post, Google Cloud Platform (GCP) remains the third (#3) cloud service provider globally in 2023. (see above) It enables developers to build, test, and deploy applications on its distributed and scalable infrastructure, while utilizing the service’s capabilities in security, data management, analytics, and artificial intelligence (AI). GCP has a robust infrastructure and presence over 39 regions and 118 availability zones in operation. These regions and availability zones are located throughout the United States, Americas, Europe, Asia Pacific, as well as in the Middle East and Africa. (see above) Based on “TheCTO” website, it has taglined GCP as “Best for machine learning and data analytics”. This is because Google offers a full-suite of cloud services — [1] Infra as a Service (IaaS), [2] Platform as a Service (PaaS), and [3] Software as a Service (SaaS). GCP is great for data-centric companies who want an easy-to-digest platform because it has advanced machine learning and data analytics capabilities. For Q3 2023 earnings, GCP revenue is expected to grow approximately +26% to $8.64 Billion, compared to 28% growth in Q2. FYI — cloud revenue jumped +37% in the year-earlier quarter. SHOW ME GOOGLE’s FUTURE! (3) Google’s Artificial Intelligence initiative. Analysts expect Google to provide an update on its artificial intelligence initiatives, especially "Gemini," a new large language model. Google is reportedly launching the AI model in the 4th Quarter 2023, that is expected to compete headon with startup OpenAI's GPT-4. Large language models provide the building blocks to develop AI-laced applications. My Viewpoints: I believed that Google should be able to grow from strength to strength. Now that co-founder Sergey Brin (and more importantly, Google’s core “brain”) is back to steer the company in times of challenge. No post/s have mentioned but I believed all these years of [a] “search engine” data activities and [b] big data learning in the background, will not go in vain. Google would not be just- pushed off or disposed off (the AI race) just like that. It would not go down without a fight. I am especially keen to know more about “Gemini” as well because what is the use of having a tool (like ChatGPT or Bard) without actual implementation and leverage on the AI-technology, to hopefully serve mankind. Do you think Google will report a healthy quarterly earnings for Q3 2023? Do you think Google will get to retain the AI crown position in the not too distant future? Please give a “LIKe”, “Share” and “Re-post” ok. Thanks. Rating is very important (to me). Do consider “Follow me” and get firsthand read of my daily new post/s ok. Thanks. @Daily_Discussion @TigerPM @TigerStars @Tiger_SG @TigerEvents