Gene Munster Applauds Sundar Pichai's $100B Revenue Projection For Google Parent Alphabet: A Sign Of 'Entering A New Growth Phase'
Gene Munster Applauds Sundar Pichai's $100B Revenue Projection For Google Parent Alphabet: A Sign Of 'Entering A New Growth Phase'
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai has projected that the company's YouTube and Cloud businesses will generate a combined revenue of $100 billion by 2024.
What Happened: The forecast was made by Pichai during the first quarter earnings, according to Gene Munster of Deepwater Asset Management, posted on social media platform X on Thursday. This projection suggests a 25% growth rate for each of the next three quarters, despite YouTube's 21% and 28.4% growth in March.
Munster noted, "Maintaining growth rates around 25% despite larger numbers is a sign Google's entering a new growth phase."
Why It Matters: This announcement comes on the heels of Alphabet's Q1 earnings report, which revealed a 15% year-over-year increase in revenue to $80.539 billion. The company also reported quarterly earnings of $1.89 per share, surpassing analyst estimates.
Earlier in April, Meta Platforms Inc. took a page out of Google's playbook by opening up its Quest operating system to third-party hardware manufacturers. This move was a result of Meta's investments in mixed reality, starting with Oculus in 2014 for $2 billion.
Despite facing internal criticism and AI-related challenges, Alphabet has once again secured the top position in the list of "America's Most Innovative Companies 2024." This is a testament to the company's resilience and continued innovation under Pichai's leadership.
Price Action: Alphabet's Class C stock rose 11.43% in after-hours trading to $176.23. Similarly, Class A stock rose 11.56% to $174.04, as per data from Benzinga Pro at the time of writing.
Image Via Shutterstock
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai has projected that the company's YouTube and Cloud businesses will generate a combined revenue of $100 billion by 2024.
Alphabet Inc.(納斯達克股票代碼:GOOG)(納斯達克股票代碼:GOOG)首席執行官桑達爾·皮查伊預計,到2024年,該公司的YouTube和雲業務總收入將達到1000億美元。
What Happened: The forecast was made by Pichai during the first quarter earnings, according to Gene Munster of Deepwater Asset Management, posted on social media platform X on Thursday. This projection suggests a 25% growth rate for each of the next three quarters, despite YouTube's 21% and 28.4% growth in March.
發生了什麼:深水資產管理公司的吉恩·芒斯特週四在社交媒體平台X上發佈表示,該預測是皮查伊在第一季度業績中做出的。該預測表明,儘管YouTube在3月份分別增長了21%和28.4%,但未來三個季度的增長率均爲25%。
Munster noted, "Maintaining growth rates around 25% despite larger numbers is a sign Google's entering a new growth phase."
芒斯特指出:“儘管增長率更大,但仍將增長率保持在25%左右,這表明谷歌正在進入新的增長階段。”
Why It Matters: This announcement comes on the heels of Alphabet's Q1 earnings report, which revealed a 15% year-over-year increase in revenue to $80.539 billion. The company also reported quarterly earnings of $1.89 per share, surpassing analyst estimates.
爲何重要:該公告是在Alphabet發佈第一季度業績之後發佈的,該報告顯示收入同比增長15%,達到805.39億美元。該公司還公佈了每股1.89美元的季度收益,超過了分析師的預期。
Earlier in April, Meta Platforms Inc. took a page out of Google's playbook by opening up its Quest operating system to third-party hardware manufacturers. This move was a result of Meta's investments in mixed reality, starting with Oculus in 2014 for $2 billion.
4月初,Meta Platforms Inc.向第三方硬件製造商開放了其Quest操作系統,從而從谷歌的劇本中脫穎而出。此舉是Meta對混合現實投資的結果,首先是2014年投資20億美元的Oculus。
Despite facing internal criticism and AI-related challenges, Alphabet has once again secured the top position in the list of "America's Most Innovative Companies 2024." This is a testament to the company's resilience and continued innovation under Pichai's leadership.
儘管面臨內部批評和與人工智能相關的挑戰,但Alphabet再次在 “2024年美國最具創新力的公司” 名單中名列前茅。這證明了公司在皮查伊領導下的韌性和持續創新。
Price Action: Alphabet's Class C stock rose 11.43% in after-hours trading to $176.23. Similarly, Class A stock rose 11.56% to $174.04, as per data from Benzinga Pro at the time of writing.
價格走勢:Alphabet的C類股票在盤後交易中上漲11.43%,至176.23美元。同樣,根據Benzinga Pro在撰寫本文時的數據,A類股票上漲了11.56%,至174.04美元。
Image Via Shutterstock
圖片來自 Shutterstock
譯文內容由第三人軟體翻譯。
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