<story><title>Google announces Q1 2023 earnings [pdf]</title><url>https://abc.xyz/investor/static/pdf/2023Q1_alphabet_earnings_release.pdf</url></story><parent_chain><item><author>alexb_</author><text>Cloud turning a profit is a good thing, and makes sense. But cloud is also a super competitive market - not so for Search or Ads. Those two feel like the places Google can rely on money coming from - revenue falling for those is worrying!</text></item><item><author>Crash0v3rid3</author><text>Disagree.&lt;p&gt;The market is reacting to Cloud turning a profit for the first time, and faster than expected.</text></item><item><author>alexb_</author><text>More importantly, it announces a 70 billion dollar stock buyback. That&amp;#x27;s what the market is reacting to.&lt;p&gt;Interestingly enough, it looks like everything except cloud grew at a rate less than inflation.&lt;p&gt;Ad revenue is falling. What implications does this have for internet companies reliant on the assumption advertising revenue will be going up forever?</text></item></parent_chain><comment><author>Vt71fcAqt7</author><text>I would question just how competitive cloud is. Companies with banks worth of cash and an existing army of technical knowhow are few and far between. The only companies that could enter the market right now are facebook and Apple.</text></comment>
<story><title>Google announces Q1 2023 earnings [pdf]</title><url>https://abc.xyz/investor/static/pdf/2023Q1_alphabet_earnings_release.pdf</url></story><parent_chain><item><author>alexb_</author><text>Cloud turning a profit is a good thing, and makes sense. But cloud is also a super competitive market - not so for Search or Ads. Those two feel like the places Google can rely on money coming from - revenue falling for those is worrying!</text></item><item><author>Crash0v3rid3</author><text>Disagree.&lt;p&gt;The market is reacting to Cloud turning a profit for the first time, and faster than expected.</text></item><item><author>alexb_</author><text>More importantly, it announces a 70 billion dollar stock buyback. That&amp;#x27;s what the market is reacting to.&lt;p&gt;Interestingly enough, it looks like everything except cloud grew at a rate less than inflation.&lt;p&gt;Ad revenue is falling. What implications does this have for internet companies reliant on the assumption advertising revenue will be going up forever?</text></item></parent_chain><comment><author>Andys</author><text>If its so competitive, why are profit margins so high?  I understand AWS is at nearly 30%.</text></comment>