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⚡ Community Insights

Discussion Sentiment

50% Positive

Analyzed from 194 words in the discussion.

Trending Topics

#search#revenue#google#miss#quarter#cloud#trade#centers#blog#post

Discussion (8 Comments)Read Original on HackerNews

strongpigeon•about 2 hours ago
Noteworthy:

- Negative free cash flow for the quarter

- $98B in unrealized gains on equity securities

- Cloud revenue are up 82% to $24.8B

telesilla•about 3 hours ago
Short version as far as I can see:

30% up year-over-year, driven by growth in both Google services and Google cloud.

xnx•about 2 hours ago
$190B of capex is mind-boggling. That's roughly equivalent to building 34 One World Trade Centers.
lostmsu•about 1 hour ago
There's a joke about usefulness of 34 trade centers (or just 1 really) somewhere.
ChrisArchitect•about 2 hours ago
Overview blog post: https://blog.google/company-news/inside-google/message-ceo/a...
throwaway23597•about 3 hours ago
Search revenue miss, apparently. Not sure whether this has happened before. But I wonder if this could be the long-predicted beginning of the downfall of search as a "money printer".
donsupreme•about 2 hours ago
priced in
nostrademons•about 2 hours ago
Down $13+ (about 4%) after hours, and the drop was apparently after they mentioned the search revenue miss on the earnings call because it was flat when I looked an hour ago. So not entirely priced in.

IIRC there was a search revenue miss last quarter too. Likely because of AI cannibalization of search results. Classic search is very heavily monetized, and a monopoly ad market. AI mode is currently lightly monetized, and a much more segmented market, and one that is harder to target ads for. Plus there are easily half a dozen LLM vendors now, while Search was a clear monopoly.

This is something investors should be very concerned about. It's not at all clear that whatever comes post-Gemini will be nearly as profitable as Search has been for the last 20 years.