Cold Brew Money

#57 - Big Tech Earnings

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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/


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          Cold Brew MoneyBy Atit Kothari and Tapan Desai
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