Google Q4: Watch These 3 Key Metrics

Summary:

  • Google is going to submit its Q4’22 earnings sheet in two weeks.
  • I believe investors may want to focus on the 3 most important metrics.
  • Google’s valuation remains attractive heading into earnings.
South Lake Union Tech

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Alphabet (NASDAQ:GOOG) is going to report earnings for its fourth-quarter on February 2, 2023 and I believe the technology company has a decent chance to beat low earnings expectations. Google suffered in the third-quarter from a pull-back in advertiser spending which

$millions

Q3’21

Q4’21

Q1’22

Q2’22

Q3’22

Revenues

$65,118

$75,325

$68,011

$69,685

$69,092

Net cash provided by operating activities

$25,539

$24,934

$25,106

$19,422

$23,353

Less: purchases of property and equipment

($6,819)

($6,383)

($9,786)

($6,828)

($7,276)

Free cash flow

$18,720

$18,551

$15,320

$12,594

$16,077

Free cash flow margin

28.7%

24.6%

22.5%

18.1%

23.3%


Disclosure: I/we have a beneficial long position in the shares of GOOG, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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