<story><title>Alphabet Earnings Report Q3 2022 [pdf]</title><url>https://abc.xyz/investor/static/pdf/2022Q3_alphabet_earnings_release.pdf</url></story><parent_chain><item><author>alberth</author><text>My initial takeaways:&lt;p&gt;- Alphabet is experience massive decline in revenue growth. (Only 6% YoY growth vs 41% YoY growth in 2021)&lt;p&gt;- Internal costs are sharply increasing (Only a 25% Operating Margin vs 32% last year). A 7-point swing is massive. To put this into perspective, outside of tech, most companies only have ~10-point Operating Margin. So this swing of 7 points in margin, for most companies, could be the difference between being profitable vs not.&lt;p&gt;- Even though they are generating more total revenue than last year (same quarter) - they are considerable &lt;i&gt;less&lt;/i&gt; profitable overall ($14B this year in Net Income vs $19B last year same quarter). This is related to the previous bullet.&lt;p&gt;Alphabets stock is -6% in after hour trading.</text></item></parent_chain><comment><author>jonas21</author><text>This points to what an anomaly 2021 was.&lt;p&gt;Alphabet was seeing around 15% YoY revenue growth prior to 2021. Then 2021 hit and the growth rate jumped to 41%. Now with the 6% YoY growth this year, it&amp;#x27;s evening out to ~22% annualized growth over the last 2 years.</text></comment>
<story><title>Alphabet Earnings Report Q3 2022 [pdf]</title><url>https://abc.xyz/investor/static/pdf/2022Q3_alphabet_earnings_release.pdf</url></story><parent_chain><item><author>alberth</author><text>My initial takeaways:&lt;p&gt;- Alphabet is experience massive decline in revenue growth. (Only 6% YoY growth vs 41% YoY growth in 2021)&lt;p&gt;- Internal costs are sharply increasing (Only a 25% Operating Margin vs 32% last year). A 7-point swing is massive. To put this into perspective, outside of tech, most companies only have ~10-point Operating Margin. So this swing of 7 points in margin, for most companies, could be the difference between being profitable vs not.&lt;p&gt;- Even though they are generating more total revenue than last year (same quarter) - they are considerable &lt;i&gt;less&lt;/i&gt; profitable overall ($14B this year in Net Income vs $19B last year same quarter). This is related to the previous bullet.&lt;p&gt;Alphabets stock is -6% in after hour trading.</text></item></parent_chain><comment><author>alphabetting</author><text>I think it&amp;#x27;s dofficult to compare 22 to 21 and 21 to 20 given COVID.</text></comment>