Executive Director Alphabet and Google Sundar Pichai in Warsaw, Poland, March 29, 2022.
Mateusz Wlodardczyk | Nurphoto | Getty Images
Alphabet The shares fell to more than 7% of pre -production on Wednesday Was missing from the fourth quarter of the Wall Street The expectations of revenue and announced the plans of high consumption for their constant construction of artificial intelligence.
The company surpassed the earnings for 2 cents per share. Revenues were out of $ 96.47 billion, after $ 96.56 billion, which Lseg expected. Alphabeta revenues increased by 12% in total compared to one year, while his YouTube advertising, segment for search, searching business and services slowed down from year to year.
Alphabet also said he was planning Spend $ 75 billion on capital expenditures How to make its AI offers and races against Megacap Rivals to build data centers and new infrastructure. The figure was much higher than $ 58.84 billion that Wall Street Analysts expected, according to Factset.
Finance chief Anat Ashkenazi said that higher costs will help “support the growth of our business through Google Services, Google Cloud and Google Deepmind”. She also said that the consumption would head to “technical infrastructure, primarily for the servers, followed by data centers and networking.”
The company expects the capital expenditures to raise between $ 16 billion and $ 18 billion. This was higher than an estimate of $ 14.3 billion from FactSet.
JPMORGAN Analyst Doug Anmuth Prominent costs, revenue from caps and clouds as a “culprit” to make stock after earning. Bernstein’s Mark Shmulik also noted that this is the third quarter to connect the section of the shares to the Google segment in the cloud.
“If the digital advertisement growth is related to a long run competition, Google would sit comfortably here with a strong search and YouTube bombs down the fruitful path,” Shmulik said.
“But, as the game is shifting to Ai by putting Green, there is little room for mistakes with a slight failure in the cloud, an incredible Capex guide up to $ 75 billion for 2025. And the lack of effective operating influence comments leaves Google 3- Putting in Bogey,” “He added.
