$AMZN & $AAPL earnings, $META losing faith, Jay Trading + OK Boomer with Nate O'Brien | E1521

TL;DR

Amazon reported strong earnings, with revenue up 7.5% year over year to $121 billion, while Apple reported Q3 revenue of $83 billion, up 2% year over year.

Transcript

hey everybody happy Friday Jason is back just in time to wrap up the Super Bowl earnings week yes and I am itching to make a j trade I was off the grid for 72 hours had a wonderful time white water rafting in uh Northern California but I got a j trade in me today let's go What's it gonna be Amazon Apple we might talk a little bit about Facebook cou... Read More

Key Insights

• 👨‍💼 Amazon's earnings performance showcased the strength of its various businesses, including retail, AWS, Prime, and advertising.
• 😶‍🌫️ The cloud market continues to be dominated by Amazon's AWS and Microsoft's Azure, with both showing significant growth and revenue.
• 💪 Apple's Q3 earnings, while not as strong as previous quarters, still demonstrated solid performance, especially in its services revenue.
• 🙈 Amazon's advertising business has seen remarkable growth, generating $8.7 billion in Q2 alone and highlighting the value of native advertising within its search results.
• 😭 Google Cloud's growth, while significant, faces challenges in catching up to the scale and growth rates of its competitors AWS and Azure.

Questions & Answers

Q: How did Amazon perform in Q2?

Amazon reported strong Q2 revenue of $121 billion, with AWS revenue reaching $19.7 billion, up 33% year over year.

Q: What was Apple's Q3 revenue and growth rate?

Apple's Q3 revenue was $83 billion, up 2% year over year, with services revenue reaching $19.6 billion.

Q: How did Amazon's advertising business perform in Q2?

Amazon's advertising revenue reached $8.7 billion in Q2, up 18% year over year, bringing in a total of $16.6 billion in the first half of 2022.

Q: What category does Amazon's earnings fall under?

Amazon's earnings fall under the "Technology" category.

Q: Which two companies are leading the cloud market?

Amazon's AWS and Microsoft's Azure are the leading cloud providers, with Amazon's AWS currently on a $79 billion run rate and Microsoft's Azure at a $55 billion run rate.

Q: What is the key challenge for Google Cloud in terms of adopting growth rates of AWS and Azure?

Google Cloud's challenge lies in maintaining growth rates comparable to AWS and Azure, as shown by its 36% year-over-year growth and $25 billion run rate in Q2.

Q: How did Apple's earnings growth compare to previous quarters?

Apple's Q3 revenue growth of 2% was lower compared to its previous quarters, which saw growth rates of 36% and higher in the same period.

Q: Which businesses contribute to Amazon's strong earnings performance?

Amazon's strong earnings performance is driven by its retail business, Amazon Prime, AWS, and its advertising business, which generated $121 billion in revenue in Q2.

Summary & Key Takeaways

• Amazon's Q2 revenue reached $121 billion, up 7.5% year over year, with their AWS revenue up 33% year over year to $19.7 billion.

• Apple's Q3 revenue was $83 billion, up 2% year over year, with their services revenue reaching $19.6 billion.