Google: Focus On Efficiency Bonus, Not GAAP


  • Google reported mixed Q4 2022 earnings results, sending the stock down slightly in after-hours trading.
  • The company continued hiring in Q4’22, with major job cuts not taking place until early 2023.
  • The financial picture is much improved when viewing non-GAAP earnings with non-cash charges and equity losses excluded from the numbers.
  • Google stock is cheap, trading with an EV of only 15x ’23 EPS targets with a massive upside bonus from achieving targeted efficiency goals.

Parent Company Of Google, Alphabet Reports Quarterly Earnings

Justin Sullivan

While Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) (“Google”) has rallied off the late 2022 lows, GOOG stock still sits $50 off the all-time highs. Shareholders want to see more progress from the company on efficiency goals similarly to what sent

News feed

Source: Seeking Alpha

Income statement

Source: Alphabet Q4’22 earnings release

Other income table

Source: Alphabet Q4’22 earnings release

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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