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Alphabet’s Free Cash Flow Faces Pressure in Second Quarter

publication date: Jul 24, 2024
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Image: Alphabet’s shares have performed well so far in 2024. 

Alphabet reported solid second quarter results with strong performance across its operating segments. In the quarter, Google Cloud revenue came in better than expectations, while YouTube ads missed only slightly. Alphabet now pays a dividend, and it continues to aggressively buy back stock. The company’s free cash flow faced pressure in the quarter due to investments to drive innovation, and while this may pressure ROICs in the coming periods, we still like Alphabet as an idea in the Best Ideas Newsletter portfolio.


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