ALPHABET INC Reports Fourth Quarter FY2022 Earnings Results on December 31 2022

Earnings Overview

ALPHABET INC ($NASDAQ:GOOGL)’s earnings results for FY2022, ending February 2 2023, were released on December 31 2022. Total revenue amounted to USD 13.6 billion, a drop of 34.0% year over year, while net income increased by 1.0% to USD 76.0 billion compared to the same period the year before.

Share Price

On Thursday, December 31 2022, ALPHABET INC reported their fourth quarter FY2022 earnings results. The company’s stock opened at a price of $105.8 and closed the day at a price of $107.7, representing an increase of 7.3% from the previous day’s closing price of $100.4. This was a strong performance for ALPHABET INC, which has seen its stock rise steadily since the start of FY2022.

The impressive earnings results reported by ALPHABET INC are indicative of the company’s focus on innovation and research, as well as its commitment to providing quality services to its customers. The company is well-positioned to continue to deliver strong results in the future, and investors have responded positively to the news. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Alphabet Inc are shown below. More…

Analysis

At GoodWhale, we have conducted a comprehensive analysis of ALPHABET INC‘s wellbeing. Our Risk Rating for ALPHABET INC has concluded that it is a low risk investment in terms of financial and business aspects. However, our analysis of the balance sheet has detected one risk warning. If you would like to learn more about this warning, please register on GoodWhale.com and check it out. More…

Peers

The company is one of the largest technology companies in the world and competes with other large tech giants such as HUTN Inc, China VTV Ltd, and Yandex NV. All these companies have different areas of expertise and offer unique products and services, making them formidable competitors of Alphabet Inc.

– HUTN Inc ($OTCPK:HUTN)

HUTN Inc is a public company that specializes in software development and consulting services. As of 2022, the company has a market capitalization of 3.44 million. This means that the current market value of the firm is 3.44 million, which can be used as a measure of its size and financial strength. Additionally, HUTN Inc has a negative Return on Equity (ROE) of -7.31%, which indicates that the company is not generating a sufficient return on the owners’ equity. This could indicate that the company is not being managed effectively or that it is not utilizing its resources effectively.

– China VTV Ltd ($OTCPK:CVTV)

China VTV Ltd is a diversified media and entertainment company that operates television and radio broadcasting networks, as well as an online video platform. The company has a market capitalization of 1.5 billion as of 2022, which reflects its strong presence in the Chinese media and entertainment industry. The Return on Equity (ROE) for China VTV Ltd is -4.41%, which indicates that the company is not generating a positive return on its equity investments. Despite this, investors remain bullish on the company due to its strong market position and breadth of services offered.

– Yandex NV ($BER:YDX)

Yandex NV is a leading Russian technology company that specializes in internet-related products and services, including search engines, transportation and navigation services, e-commerce, online advertising, and more. The company has a market capitalization of 5.38 billion dollars as of 2022, making it one of the largest companies in Russia. Yandex NV also boasts an impressive Return on Equity of 12.35%, which is much higher than the industry average. This indicates that the company is generating consistent returns for shareholders. Yandex NV continues to be a leader within the Russian technology industry and its strong market cap and ROE make it a top pick for investors.

Summary

Investors in ALPHABET INC were pleased with their fourth quarter earnings results for FY2022, which ended February 2 2023. Total revenue decreased by 34.0% year-over-year, but net income increased by 1.0%. The stock price responded positively to the news, indicating that investors saw the earnings results as a positive sign for the company.

While revenue may not have been as strong as desired, the increase in net income shows that ALPHABET INC’s operations are still profitable and capable of providing shareholder returns. As such, investors may find ALPHABET INC a good long-term investment.