#57 - Big Tech Earnings

<p><strong>Google (</strong><a href="https://steadycompounding.substack.com/p/3-bullet-sunday-is-it-safe-to-invest"><u><strong>Steady Compounding</strong></u></a><strong>)</strong></p> <p>Revenue grew 62% to $62B for Q2 2021</p> <p>Operating income grew 203% to $19B, a margin of 31%.</p> <p>What’s more amazing is the numbers Youtube is throwing off.</p> <p>Youtube with a monster quarter growth of 84% Y/Y to hit a run-rate of $7B.</p> <p>It now accounts for 11% of Google's revenue!</p> <p>And we're still in the early innings.</p> <p>Share of US TV Time in June 2021.</p> <p>Streaming is still only 27%:</p> <p>8% Netflix</p> <p>6% YouTube</p> <p>3% Hulu</p> <p>2% Prime Video</p> <p>2% Disney+</p> <p>8% Other small platforms</p> <ul> <li>Alphabet reported $61.9 billion in total revenue versus $56.1 billion expected by analysts.<br> </li> <li>Google's ad services brought in $57.1 billion, while Cloud revenue grew to $4.6 billion.<br> </li> </ul> <p><strong>Apple</strong></p> <p>Apple Q2 2021 earnings are out:</p> <ul> <li>iPhone revenue up 65%<br> </li> <li>Mac revenue up 70%<br> </li> <li>iPad revenue up 78%<br> </li> <li>wearable revenue up 24%<br> </li> <li>services revenue up 26%<br> </li> </ul> <p>$89.6 billion in revenue overall, up 54%. massive numbers here during a pandemic</p> <p><br></p> <p><strong>Amazon</strong></p> <p>Here’s how the company did:</p> <ul> <li>Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv<br> </li> <li>Revenue: $113.08 billion vs $115.2 billion, according to analysts surveyed by Refinitiv<br> </li> </ul> <p>Amazon’s headcount continues to swell. At the end of the third quarter, Amazon employed 1.33 million people worldwide, up 52% year over year</p> <p>Bezos’ last quarter as CEO.</p> <p><br></p> <p><strong>Facebook:</strong></p> <ul> <li>Q2 GAAP EPS of $3.61 beats by $0.61.<br> </li> <li>Revenue of $29.07B (+55.5% Y/Y) beats by $1.18B.<br> </li> <li>DAU of 1.91B vs. 1.91B consensus; MAU of 2.9B vs. 2.90B.<br> </li> <li>Operating ma