Monday, Apr. 23, 2018 - Amazon's Robot For Your Home
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 23 April 2018
⏱️ 16 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Monday, April 23rd, 2018. |
| 0:11.0 | Today, Alphabet's Q1 earnings, Amazon's working on a domestic robot. |
| 0:18.0 | Alexander Kogan says he worked more closely with Facebook than has been reported, spies, like us, fear digital |
| 0:26.1 | tracking, and the state of the music industry. |
| 0:30.1 | Here's what you miss today in the world of tech. |
| 0:33.0 | Literally minutes ago, Google's parent company alphabet released their quarter one earnings numbers. |
| 0:44.9 | Quarter one revenue came in at 31.15 billion versus the 30.29 billion estimate. |
| 0:53.1 | This represents revenue growth of 26% year over year. |
| 0:57.1 | Earnings per share came in at $13.33 |
| 0:59.8 | versus a $9.32 consensus, so that sounds like a huge beat, but in early analysis that appears |
| 1:06.9 | to be due to alphabet's stake in Uber. |
| 1:10.7 | Because of an accounting change, Alphabet is reporting the value of its Uber investment for the first time, and it appears that value is around $3 billion. |
| 1:19.0 | Earnings per share taking out the Uber stake appears to be $9.93 per share versus $9.28 per share |
| 1:27.9 | expected by consensus estimates. Some other nuggets from the press release |
| 1:32.2 | overall Google's non-ad revenue, Hardware Cloud and |
| 1:36.2 | App Store included, increased from 3.2 billion to 4.4 billion year over year. Alphabet also says that the Google Unit spent 7.6 billion on Cap X in the quarter. |
| 1:49.0 | Last year in the same quarter that number was 2.4 billion so that's quite an increase. |
| 1:54.8 | Revenues from the other bets category was 150 million up from 132 million last |
| 2:02.4 | year. |
| 2:04.1 | Immediately after the announcement, |
| 2:05.4 | alphabet shares jumped around 3%, but at the time of this recording, |
| 2:09.1 | 4.30 PM Eastern time, investor response was more muted and Google shares were |
... |
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