Google just finished a quarter with a net income of $62.58 billion. I've looked everywhere, and it's an all-time record.
But that's thanks to huge financial gains on stocks like Anthropic, which artificially inflate the figures. If they made $15 billion on their Anthropic stock that quarter, their net income seems enormous because there's a $15 billion gain from Anthropic alone.
But in reality, if their Anthropic stock only brings in $2 billion in the following quarter, their net income will suddenly drop by $13 billion.
So even though they have the record, we should expect a significant decrease in net income in Q2.
Google broke the world record for net income.
byu/Hug_LesBosons instocks
Posted by Hug_LesBosons
3 Comments
All it took was government money and a business that entirely relies on your customers ability to write off their tax burden by making ads and buying the time from Google.
Super natural business model. Totally organic.
Tech is dead in it’s current form. Everyone needs to realize they haven’t done shit since the smartphone launch
Net income is a poor indicator for the hyperscalers. You have to look at free cash flow which adjusts for the massive amounts of capex and also these unrealized gains & losses in companies like Anthropic.
Google will retaliate.