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MANIFOLD
Will Alphabet Inc - Google (GOOG) have more than 76B revenue for the quarter ending in September?
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resolved Oct 25
Resolved
YES

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predictedYES

I placed my bet on YES for the following reasons: by looking at the growth of revenue through this year, momentum was in favor for surpassing $76B (69B in Q1, 74B in Q2). Google has a history of exceeding analysts' expectations, and it has been performing well in recent quarters. In Q2 2023, Google's revenue exceeded analysts' expectations, boosted by advertising on the company's flagship search business. I saw this revenue boost coming since in 2022 there was close to no growth between Q1,Q2, and Q3, while after the investments done in AI and Cloud computing, Alphabet was able to grow revenue substantially this year.

Finally, the advertising industry has been growing, and Google is a dominant player in the market. I saw revenue from advertising growing from Q1 to Q2 exponentially more than it did in 2022, and this made me realize that Google would have surpassed $76B in revenue in Q3 2023.

predictedYES