I’m fully aware that Ad Revenue (Ad-related Revenue accounted for 78% of Google’s total revenue in the March quarter) does not command the same multiple as subscription revenue, but should Microsoft command 2x GOOGL’s valuation on an EV/Revenue and EV/ Cash from Operations basis? It would seem that GOOGL’s valuation discount to MSFT is punitive.
- If your concern is broadly-defined AI – including LLMs – you are barking up the wrong tree. Reach out if you want to know more – that advice is not free (firstname.lastname@example.org or email@example.com).
- I certainly don’t see Google losing its dominant position in search – not here in the U.S. nor in India, the world’s largest country.
See the YouTube video below for today’s keynote at Google’s I/O conference.