3Q23 Earnings Updates: Part One – GOOG/GOOGL, TMUS, META, IBM, and VICI
Alphabet (GOOG/GOOGL): GOOGL reported mixed results for 3Q23. The two dominant businesses, Search and YouTube, had better-than-expected revenue growth as advertising accelerated ahead of high expectations. On the downside, Cloud revenue grew more slowly than expected, up 22%, with management alluding to cloud spending optimization that has previously tripped up Microsoft Azure and Amazon AWS, […]
