Alphabet earnings top estimates, YouTube ad revenue falls short

Alphabet (GOOG, GOOGL) has released its second-quarter earnings report, narrowly surpassing expectations on both revenue and profit. CFRA Research senior equity analyst Angelo Zino joins Market Domination Overtime to provide insight into these results.
Zino characterizes the results as "solid," but notes that the it fell short of the significant beats investors have come to expect from Big Tech, describing it as "more of an in-line type quarter." A closer examination of individual segments reveals "mixed results relative to expectations," though Zino emphasizes that the overall report is strong and suggests the margin story is "underappreciated."
Regarding AI initiatives, Zino describes Alphabet's progress as "pretty incremental," noting he doesn't observe a "massive pivot" towards AI monetization. However, he highlights that investments in the cloud business are bearing fruit, "support[ing] better than expected numbers on its cloud side of things."
#youtube #Google #tech

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