#57 - Big Tech Earnings

Google (Steady Compounding) Revenue grew 62% to $62B for Q2 2021 Operating income grew 203% to $19B, a margin of 31%. What’s more amazing is the numbers Youtube is throwing off. Youtube with a monster quarter growth of 84% Y/Y to hit a run-rate of $7B. It now accounts for 11% of Google's revenue! And we're still in the early innings. Share of US TV Time in June 2021. Streaming is still only 27%: 8% Netflix 6% YouTube 3% Hulu 2% Prime Video 2% Disney+ 8% Other small platforms Alphabet reported $61.9 billion in total revenue versus $56.1 billion expected by analysts. Google's ad services brought in $57.1 billion, while Cloud revenue grew to $4.6 billion. Apple Apple Q2 2021 earnings are out: iPhone revenue up 65% Mac revenue up 70% iPad revenue up 78% wearable revenue up 24% services revenue up 26% $89.6 billion in revenue overall, up 54%. massive numbers here during a pandemic Amazon Here’s how the company did: Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv Revenue: $113.08 billion vs $115.2 billion, according to analysts surveyed by Refinitiv 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 Bezos’ last quarter as CEO. Facebook: Q2 GAAP EPS of $3.61 beats by $0.61. Revenue of $29.07B (+55.5% Y/Y) beats by $1.18B. DAU of 1.91B vs. 1.91B consensus; MAU of 2.9B vs. 2.90B. Operating margin of 43% vs. a consensus of 37.6%. Cash and cash equivalents and marketable securities were $64.08 billion as of June 30, 2021. TTM: Revenue: 104B Operating margin: 42.5% Net Profit: 39B Resources: https://steadycompounding.substack.com/p/3-bullet-sunday-is-it-safe-to-invest https://stockrow.com/ https://seekingalpha.com/ https://www.hardwaretimes.com/apple-airpods-revenue-more-than-nvidias-total-revenue-and-2x-more-than-amds-revenue/ Subscribe to Cold Brew Money | About Cold Brew Money | Cold Brew Money All Episodes | Cold Brew Money Rabbit Hole Buy Cold Brew Money A Coffee Hosts: Atit & Tapan [podcast_subscribe id="111"] Contact us: Twitter | Instagram | Email Please note: Information is only for educational and entertainment purposes and should not be relied upon as investment advice.