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cover of episode Instant Reaction: Alphabet Slides After Cloud Sales Fall Short

Instant Reaction: Alphabet Slides After Cloud Sales Fall Short

2025/2/4
logo of podcast Bloomberg Daybreak: US Edition

Bloomberg Daybreak: US Edition
AI Deep Dive AI Chapters Transcript
People
C
Carol Massar
C
Caroline Hyde
M
Mandeep Singh
M
Melanie Warrick
T
Tim Stenovec
Topics
主持人: Alphabet第四季度财报显示,每股收益超出预期,但营收略低于预期,尤其云计算收入不及预期,导致股价下跌。谷歌广告收入表现强劲,但云计算和YouTube订阅业务增长放缓。此外,2025年资本支出计划大幅超出预期,也引发市场担忧。 Mandeep Singh: Alphabet云计算和YouTube订阅业务表现不及预期是股价下跌的主要原因。虽然搜索业务表现强劲,但云计算和YouTube业务是Alphabet的增长引擎,其增长放缓导致市场反应强烈。Alphabet提高资本支出计划与Meta类似,不应成为股价下跌的主要原因。Alphabet各个业务相互关联,不应单独评估其季度表现。尽管云计算和YouTube业务略逊预期,但Alphabet整体业务仍然强劲。云计算业务增长放缓可能与计算能力限制和NVIDIA GPU供应不足有关。Alphabet应该能够利用其自身优势实现更快的增长,但如果未能实现,则市场反应将更加强烈。 Caroline Hyde: Alphabet股价下跌的主要原因是谷歌云收入增长低于预期,未能达到市场预期。公司需要对谷歌云收入增长放缓给出更多解释。 Mark Blyth: Alphabet财报可能对Amazon云计算业务产生影响,因为云计算供应商都面临芯片供应短缺的问题。 Melanie Warrick: 云计算供应商面临芯片供应短缺的问题,这可能是导致Alphabet云计算收入不及预期的原因之一。 主持人: Alphabet第四季度财报发布后,股价下跌,主要原因是云计算收入不及预期,以及2025年资本支出计划大幅超出预期。虽然搜索广告和YouTube广告收入表现良好,但云计算和YouTube订阅业务的增长放缓,未能达到市场预期,这才是市场担忧的焦点。

Deep Dive

Chapters
Alphabet's Q4 2024 earnings are discussed, revealing a slight miss in revenue and cloud revenue despite exceeding estimates in other areas like Google ad revenue. The significant increase in projected 2025 capital expenditures also raised concerns.
  • Q4 earnings per share beat estimates ($2.15 vs $2.13).
  • Revenue slightly missed estimates ($96.47B vs $96.7B).
  • Google ad revenue exceeded expectations ($72.46B vs $71.73B).
  • Cloud revenue missed expectations ($11.96B vs $12.19B).

Shownotes Transcript

Google parent Alphabet posted fourth-quarter revenue that missed analysts’ expectations as growth in its cloud business slowed. The shares fell more than 8%. Sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion, according to data compiled by Bloomberg. The company also projected $75 billion in 2025 capital expenditures, far exceeding the $57.9 billion that analysts expected, related to a buildout of data centers and infrastructure for artificial intelligence. That led to a more than 6% boost in Broadcom shares.

For reaction and analysis just after earnings crossed, hosts Carol Massar and Tim Stenovec spoke with Bloomberg Intelligence senior technology analyst Mandeep Singh and Bloomberg Technology co-host Caroline Hyde.

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