Beta Finch - Magnificent 7 - EN

# Beta Finch Podcast Script: Meta Q4 2025 Earnings

**ALEX:** Welcome to Beta Finch, your AI-powered earnings breakdown where we dive into the numbers that move markets. I'm Alex, and I'm here with my co-host Jordan. Today we're breaking down Meta's Q4 2025 earnings, and folks, this one's a doozy.

Before we dive in, I need to mention that this podcast is AI-generated content for educational and entertainment purposes only. Nothing we discuss should be considered investment advice. Always do your own research and consult a qualified financial advisor before making any investment decisions.

**JORDAN:** Thanks Alex. And wow, where do we even start with Meta? These numbers are absolutely crushing it. We're talking about $58.9 billion in Q4 revenue - that's up 25% year-over-year. The advertising business alone hit $58.1 billion, up 24%. These are some of the strongest growth numbers we've seen from Meta in years.

**ALEX:** Right, and what's really striking is the guidance for Q1 2026. They're projecting $53.5 to $56.5 billion in revenue - that would be the fastest growth rate in almost five years. Jordan, what's driving this acceleration?

**JORDAN:** It's really a perfect storm of improvements, Alex. Susan Li, their CFO, highlighted three main drivers. First, they're seeing massive gains from their AI-powered recommendation systems. On Facebook alone, they drove a 7% lift in views of organic feed and video posts in Q4 - and get this - that was the largest quarterly revenue impact from Facebook product launches in the past two years.

**ALEX:** That's incredible. And they're not stopping there, right?

**JORDAN:** Not at all. They're completely rebuilding their AI infrastructure. Mark Zuckerberg announced they're investing between $115 to $135 billion in capital expenditures for 2026. That's a massive step-up, primarily for their new Meta Superintelligence Labs. Zuckerberg said they're six months into rebuilding their AI efforts and he's "very pleased with the quality of the team."

**ALEX:** Speaking of Zuckerberg, his vision for 2026 was pretty ambitious. He's talking about "personal superintelligence" and AI agents that really understand users' personal context. What does that actually mean for the business?

**JORDAN:** It's fascinating, Alex. He outlined three key areas. First, they're merging large language models with their existing recommendation systems. So instead of just showing you content based on past behavior, the AI will understand your personal goals and tailor feeds to help you improve your life in specific ways.

Second, they're revolutionizing commerce. Their ads help businesses find the right customers, but soon they want AI shopping tools that help users find exactly the right products from their business catalog.

**ALEX:** And the third area?

**JORDAN:** New content formats. Zuckerberg believes we're moving beyond video to more immersive, interactive experiences. He mentioned their AI glasses sales more than tripled last year, and he compared this moment to when flip phones became smartphones - inevitable transformation.

**ALEX:** Let's talk about the financials though. With all this massive investment, are they still profitable?

**JORDAN:** Here's what's interesting - despite spending up to $169 billion in total expenses for 2026, Susan Li said they expect operating income to be above 2025 levels in absolute dollars. Not growth rate, mind you, but actual dollar amounts. That's pretty impressive given the scale of investment.

**ALEX:** What about their other businesses? Reality Labs has been a drag on profitability for years.

**JORDAN:** Good news there. Zuckerberg said Reality Labs losses will be similar to 2025 levels, and this will "likely be the peak" as they start to gradually reduce losses going forward. They're shifting focus mainly to glasses and wearables rather than VR headsets.

**ALEX:** Now, during the Q&A, there were some interesting questions about their AI strategy. One analyst asked

This episode includes AI-generated content.

**Beta Finch: Amazon Q4 2025 Earnings Breakdown**

ALEX: Welcome to Beta Finch, your AI-powered earnings breakdown! I'm Alex, and joining me as always is my co-host Jordan. Today we're diving into Amazon's fourth quarter 2025 results, and wow - what a quarter this was.

Before we jump in though, I need to mention that this podcast is AI-generated content for educational and entertainment purposes only. Nothing we discuss should be considered investment advice. Always do your own research and consult a qualified financial advisor before making any investment decisions.

Now Jordan, Amazon just posted some impressive numbers - $213.4 billion in revenue, up 12% year over year. But the real star of the show seems to be AWS, doesn't it?

JORDAN: Absolutely, Alex. AWS is firing on all cylinders right now. They hit $35.6 billion in quarterly revenue with 24% growth - that's the fastest growth they've seen in thirteen quarters. More importantly, AWS is now running at a $142 billion annualized rate. To put that in perspective, they added $2.6 billion quarter-over-quarter and nearly $7 billion year-over-year.

ALEX: Those are massive numbers. And Andy Jassy was pretty bullish about their AI business specifically. What caught your attention there?

JORDAN: The AI story is fascinating. Their chips business - that's Graviton and Trainium combined - is now over $10 billion in annual revenue and growing triple digits. But here's the kicker: Trainium alone is a multi-billion dollar business, and they say nearly all of their Trainium 3 supply will be committed by mid-2026. That suggests incredible demand.

ALEX: Speaking of demand, they announced plans to invest about $200 billion in capital expenditures. That's a staggering number that probably has some investors nervous about returns.

JORDAN: Yeah, that $200 billion figure dominated the Q&A session. Mark Mahaney from Evercore really pressed them on return on invested capital, and Jassy's response was telling. He said they're monetizing capacity as fast as they install it, and emphasized that AWS has a 35% operating margin despite all this investment. His confidence comes from their track record - they've proven they can forecast demand and avoid wasted capacity.

ALEX: What's interesting is how Jassy framed this AI opportunity. He called it "extraordinarily unusual" and said every customer experience we know today will be reinvented with AI. That's a pretty bold statement.

JORDAN: It really is, and the numbers back up some of that optimism. Their Bedrock service is now a multi-billion dollar annualized business with customer spend growing 60% quarter-over-quarter. Amazon Nova Forge, their new pre-training customization tool, sounds like a potential game-changer for enterprises wanting to train models on their own data.

ALEX: Let's pivot to the retail side for a moment. The stores business showed solid growth, but there were some interesting trends in customer behavior.

JORDAN: Right, everyday essentials are becoming huge for them - growing nearly twice as fast as other categories and representing one out of every three units sold. Their same-day delivery reached nearly 70% more items than last year, and here's a stat that jumped out: customers using their perishables delivery service shop more than twice as often as those who don't.

ALEX: That perishables business seems to be a real growth driver. They're calling themselves a large grocer now with over $150 billion in gross sales.

JORDAN: And the speed improvements are remarkable. On Christmas Eve, customers in 4,000 US cities could order items until midday and get same-day delivery. Their "add to delivery" feature, launched just six months ago, already makes up 10% of all Prime volume. These aren't just incremental improvements - they're fundamentally changing how people shop.

ALEX: One thing that came up in the Q&A was about AI agents and shopping. There's concern that AI could compress the advertising funnel. How did Jassy respond

This episode includes AI-generated content.

**ALEX**: Welcome to Beta Finch, your AI-powered earnings breakdown! I'm Alex, and I'm here with my co-host Jordan to dive into Alphabet's absolutely monster Q4 2025 results that just dropped. This podcast is AI-generated content for educational and entertainment purposes only. Nothing we discuss should be considered investment advice. Always do your own research and consult a qualified financial advisor before making any investment decisions.

Jordan, where do I even start with these numbers? Alphabet just posted their first $400 billion revenue year!

**JORDAN**: Alex, this was genuinely jaw-dropping. We're talking about $113.8 billion in Q4 revenue alone - that's up 17% year-over-year. But what really caught my eye was the acceleration story here. Search revenue jumped 17%, which is a significant pickup from recent quarters, and Google Cloud absolutely exploded with 48% growth hitting $17.7 billion.

**ALEX**: And let's talk about that Cloud number for a second because this is where the AI story really comes alive. They're now at a $70 billion annual run rate, and get this - their backlog grew 55% quarter-over-quarter to $240 billion. That's not a typo, folks. $240 billion in committed future revenue.

**JORDAN**: The backlog number is insane, but what's driving it is even more interesting. Sundar Pichai mentioned they've sold over 8 million paid seats of Gemini Enterprise in just four months since launch. And here's a stat that blew me away - customers using their AI products use 1.8 times as many Google Cloud products compared to those who don't. That's the power of the AI ecosystem lock-in effect.

**ALEX**: Speaking of Gemini, the usage numbers are staggering. The Gemini app now has 750 million monthly active users, and they added 100 million users just in Q4. But Jordan, what really stood out to me was how Sundar kept emphasizing this "expansionary moment" - they're not seeing cannibalization between traditional search and AI search, they're seeing people do more queries overall.

**JORDAN**: Exactly, and that's showing up in the monetization too. Philip Schindler mentioned that Gemini-based improvements in search ads are helping them better match queries and deliver ads on longer, more complex searches that were previously difficult to monetize. They're literally expanding the addressable market for search advertising.

**ALEX**: Now let's talk about the elephant in the room - that massive CapEx guidance. They're projecting $175 to $185 billion for 2026. That's nearly double what they spent in 2025. This is a company betting big on the AI infrastructure race.

**JORDAN**: And they have to, right? Sundar was very candid about being supply constrained even with their current massive investments. He said they expect to "go through the year in a supply constrained way." What's fascinating is how they're approaching efficiency - Anat Ashkenazi mentioned that about 50% of their code is now written by AI coding agents, which is then reviewed by human engineers. They're using AI to fund more AI investment.

**ALEX**: That's such a smart flywheel effect. And speaking of flywheels, let's talk about some of the strategic announcements. The Apple partnership really surprised me - Google becoming Apple's preferred cloud provider and helping develop Apple's foundation models based on Gemini technology.

**JORDAN**: That Apple deal is huge strategically. But I was equally intrigued by the Universal Commerce Protocol they announced. This could be a game-changer for how people shop online. Imagine being able to complete purchases directly in AI search results or the Gemini app. They're essentially trying to own the entire commerce funnel.

**ALEX**: And YouTube continues to be this steady growth engine. $60 billion in annual revenue across ads and subscriptions, and they're still the number one streamer in the US for nearly three years running. The creator economy numbers were impressive too - over 1 million channels used their AI cre

This episode includes AI-generated content.

**Beta Finch Podcast Script: Microsoft Q2 2026 Earnings**

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**ALEX**: Welcome back to Beta Finch, your AI-powered earnings breakdown where we cut through the noise to bring you what really matters from the latest quarterly reports. I'm Alex.

**JORDAN**: And I'm Jordan. Today we're diving into Microsoft's Q2 2026 results, and wow - what a quarter this was.

**ALEX**: Before we jump in, I need to mention that this podcast is AI-generated content for educational and entertainment purposes only. Nothing we discuss should be considered investment advice. Always do your own research and consult a qualified financial advisor before making any investment decisions.

**JORDAN**: Absolutely. Now Alex, let's talk numbers because Microsoft just delivered some seriously impressive results.

**ALEX**: They really did, Jordan. Revenue hit $81.3 billion, up 17% year-over-year. But here's the kicker - earnings per share came in at $4.14, which is a 24% jump when you adjust for their OpenAI investment impact. Those are the kind of numbers that make investors sit up and pay attention.

**JORDAN**: What caught my eye was Microsoft Cloud crossing that $50 billion milestone for the first time - $51.5 billion to be exact, growing 26%. That's just massive scale we're talking about here. But Alex, there's an interesting paradox happening in the market reaction.

**ALEX**: Right, the stock actually dropped in after-hours trading despite these strong results. Why do you think that happened?

**JORDAN**: It comes down to two main concerns investors have. First, CapEx hit $37.5 billion this quarter - that's enormous spending on infrastructure, mostly GPUs and CPUs. Second, while Azure grew 39%, some investors were expecting even more aggressive growth given all that capital investment.

**ALEX**: That's a great point. Let me break down what Microsoft is doing with all that CapEx spending, because CEO Satya Nadella and CFO Amy Hood had some fascinating explanations during the Q&A.

**JORDAN**: Yeah, Amy Hood was really transparent about this. She said if they had allocated all their new GPUs just to Azure customers, Azure growth would have been over 40%. But they're deliberately spreading that capacity across their entire AI ecosystem.

**ALEX**: Exactly. They're using those GPUs to power Microsoft 365 Copilot, GitHub Copilot, Security Copilot, and their R&D efforts. It's not just about maximizing Azure - they're building what Nadella called the "best lifetime value portfolio."

**JORDAN**: And speaking of Copilot, the adoption numbers are incredible. Microsoft 365 Copilot now has 15 million paid seats - that's up 160% year-over-year. Daily active users increased 10x, and the average conversations per user doubled.

**ALEX**: Those usage metrics tell a compelling story about AI actually becoming sticky with enterprise customers. It's one thing to sell seats, but when you see usage intensity growing like that, it suggests real business value.

**JORDAN**: Absolutely. And let's talk about their custom silicon efforts because this was a standout moment. They launched their Maya 200 accelerator chip, which Nadella claims delivers 30% better total cost of ownership compared to their current hardware fleet.

**ALEX**: That's Microsoft's play to reduce their dependence on NVIDIA while optimizing for their specific AI workloads. They're running everything from OpenAI inferencing to their own Copilot services on these chips.

**JORDAN**: The strategic implications are huge. If Microsoft can develop superior custom chips for AI inferencing, that's a massive competitive moat. They're essentially vertically integrating their AI infrastructure stack.

**ALEX**: Now, one thing that raised some eyebrows was Microsoft's commercial remaining performance obligation - essentially their backlog of contracted revenue. It hit $625 billion, but here's the twist: 45% of that is from OpenAI.

**JORDAN**: Yeah, that OpenAI concentration became a hot topic during the Q&A. When

This episode includes AI-generated content.