The Winners and Losers of Big Tech’s Earnings Season (VIDEO)

Last Updated: 25.3.2024 18:47

Who were the winners and losers of last week’s big tech earnings season? Let’s take a look at the summary of each company’s results to find out.

Well, folks, another big tech earnings season is in the books.

With Alphabet (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), Amazon (NASDAQ; AMZN), Meta Platforms (NASDAQ: META) and Microsoft (NASDAQ: MSFT) all reporting their quarterly financial results last week, let’s dig into the numbers and find out the winners and losers of the latest big tech earnings season.

Meta Platforms (NASDAQ: META)

Fiscal Year 2023 Fourth Quarter Financial Results

Q4 Key Numbers:

• Revenue: $40.1 billion, up 24.7%
  • Beat the street’s expectation of $38.9 billion
• Net Income: $14 billion, up 201% year-over-year
  • Beat the street’s expectation of $12.89 billion
• Earnings Per Share (EPS): $5.33, up 203% year-over-year.
  • Beat the street’s expectation of $4.90.
• Announced first-ever quarterly dividend, of $0.50 per share.

Comments from Meta founder and CEO Mark Zuckerberg:

“We had a good quarter as our community and business continue to grow. We’ve made a lot of progress on our vision for advancing AI and the metaverse.”

• Earnings Conference Call: Webcast | PowerPoint | Transcript
• META Official Earnings Press Release

Shares of Meta Platforms last traded at $459.41, down -3.28% on the day. YTD, META stock is up +32.67%. All-time, META is up +1,101.70%.

Learn more about Meta: Website | Investor Deck | META Chart

Amazon (NASDAQ; AMZN)

Fiscal Year 2023 Fourth Quarter Financial Results

Q4 Key Numbers:

• Revenue: $170 billion, up 14% year-over-year
  • Beat the street’s expectation of $166.2 billion
• Net Income: $10.6 billion
  • Beat the street’s expectation of $8.59 billion
• Earnings Per Share (EPS): $1, up 3,233% year-over-year
  • Beat the street’s expectation of $0.80

Comments from Amazon CEO Andy Jassy:

“This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon. While we made meaningful revenue, operating income, and free cash flow progress, what we’re most pleased with is the continued invention and customer experience improvements across our businesses.”

• Earnings Conference Call: Webcast | PowerPoint
• AMZN Official Press Release

Shares of Amazon last traded at $170.31, down -0.87% on the day. YTD, AMZN stock is up +13.59%. All-time, AMZN is up +189,133.33%.

Learn more about Amazon: Website | Investor Deck | AMZN Chart

Source: CNBC Television YouTube

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Alphabet (NASDAQ: GOOGL)

Fiscal Year 2023 Fourth Quarter Financial Results

Q4 Key Numbers:

• Revenue: $86.3 billion, up 13% year-over-year
  • Beat the street’s expectation of $85.24 billion
• Net Income: $20.69 billion, up 52% year-over-year
  • Beat the street’s expectation of $20.28 billion
• Earnings Per Share (EPS): $1.64, up 56% year-over-year
  • Beat the street’s expectation of $1.61
• Ad Revenue: $65.52 billion
  • Missed the street’s expectation of $65.94 billion

Comments from Alphabet CEO Sundar Pichai:

“We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud. Each of these is already benefiting from our AI investments and innovation. As we enter the Gemini era, the best is yet to come.”

• Earnings Conference Call: Webcast | Transcript
• GOOG Official Press Release

Shares of Alphabet last traded at $143.68, up +0.91% on the day. YTD, GOOGL stock is up +3.99%. All-time, GOOGL is up +5,201.85%.

Learn more about Alphabet: Website | Investor Deck | GOOGL Chart

Apple (NASDAQ: AAPL)

Fiscal Year 2024 First Quarter Financial Results

Q1 Key Numbers:

• Revenue: $119.6 billion, up 2% year-over-year
  • Beat the street’s expectation of $117.97 billion
• Net Income: $33.92 billion, up 13% year-over-year
  • Beat the street’s expectation of $32.56 billion
• Earnings Per Share (EPS): $2.18, up 16% year-over-year
  • Beat the street’s expectation of $2.09
• China Revenue: $20.82 billion, down 13% year-over-year

Comments from Apple CEO Tim Cook:

“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services. We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.”

• Earnings Conference Call: Webcast | PowerPoint
• AAPL Official Press Release

Shares of Apple last traded at $187.68,  up +0.98% on the day. YTD, AAPL stock is up +1.1%. All-time, AAPL is up +170,518.18%.

Learn more about Apple: Website | Investor Deck | AAPL Chart

Microsoft (NASDAQ: MSFT)

Fiscal Year 2024 Second Quarter Financial Results

Q2 Key Numbers:

• Revenue: $62.02 billion, 18% year-over-year
  • Beat the street’s expectation of $61.12 billion
• Net Income: $21.87 billion, 33% year-over-year
  • Beat the street’s expectation of $20.6 billion
• Earnings Per Share (EPS): $2.93, 33% year-over-year
  • Beat the street’s expectation of $2.78
• Intelligent Cloud Revenue: $25.88 billion, up 20% year-over-year
  • Beat the street’s expectation of $25.29 billion

Comments from Microsoft Chairman & CEO Satya Nadella:

“We’ve moved from talking about AI to applying AI at scale. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”

• Earnings Conference Call: Webcast | PowerPoint
• MSFT Official Press Release

Shares of Microsoft last traded at $405.65, down -1.35% on the day. YTD, MSFT stock is up +9.38%. All-time, MSFT is up +405,550%.

Learn more about Microsoft: Website | Investor Deck | MSFT Chart

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