Best Idea Alphabet Continues To Grow at a Robust Pace
publication date: Apr 28, 2022
Image Shown: Best idea Alphabet Inc continued to grow its revenues by a nice double-digit clip last quarter. Image Source: Alphabet Inc – First Quarter of 2022 Earnings Press Release.
On April 26, Alphabet reported first quarter 2022 earnings that missed top-line estimates but beat bottom-line estimates. The company remains a free cash flow powerhouse with a fortress-like balance sheet and an incredibly promising growth outlook. Its core digital advertising business, its high-growth Google Cloud unit, and its longer term bets such as the self-driving company Waymo underpin our expectations that Alphabet will continue to grow its revenues at a nice premium to global GDP growth over the decades to come. We include shares of Alphabet Class A in the Best Ideas Newsletter portfolio and remain big fans of the name.
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