Alphabet (GOOG US) - 3Q24 Results Beat; Google Cloud Maintains Strong Momentum
total revenue was up by 15% YoY to US$88.3bn, largely in line with Bloomberg consensus estimate (US$86.5bn); net income grew by 34% YoY to...
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Alphabet (GOOG US) - Inline 2Q24 Results; GenAI Gains Traction
Alphabet reported 2Q24 financial results: total revenue increased by 14% YoY to US$84.7bn, in line with Bloomberg consensus estimate
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Alphabet (GOOG US) - 1Q24 Earnings Beat on Efficiency Gain; GenAI Development on Track
We raise our FY24-26 earnings forecast by 2-7% and our target price to US$185.5 on 27x FY24E PE (previous: US$172.2 on 26x FY24E PE). Maintain BUY.
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Internet - 1Q24 recap & our three stock-picking ideas
Year to date, the internet sector has pulled back after rapid rallies buoyed by improved sentiment and short-term fund inflows, in line with our...
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Internet - AI and Margin Expansion Still Key Themes
US internet and software companies delivered mixed performances in 1Q24 in terms of revenue growth: advertising and cloud services revenue growth...
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