Re:Alphabet Earnings Report Q3 2022 [pdf]
by fbergen on Tuesday October 25, 2022 @05:22PM
(#33336338)
they keep iterating that foreign exchange is a big part of the non-US decline, but I fail to find how much in the PDF
Re:Alphabet Earnings Report Q3 2022 [pdf]
by alberth on Tuesday October 25, 2022 @06:23PM
(#33336937)
“Our third quarter revenues were $69.1 billion, up 6% versus last year or up 11% on a constant currency basis.”
Constant currency means excluding impacts of FX.
11% growth (constant currency) vs 41% growth last year is still has huge slowdown in growth.
- headcount from 150k to 186.5k (!)
- EMEA + APAC largely driving slowdown in growth as both regions were -2% (!), USA + Americas are still at +12%
Feel like this might be a pattern this quarter - declining margins + growth as companies over-extended themselves last year not foreseeing just how bad things are outside of the USA + Americas