MB206: Earnings Update: Alphabet Mixed Performance, Tesla Struggle & Spotify Surges, Why?!

In this episode of Market Bites, the hosts discuss three companies: Alphabet, Tesla & Spotify.

Key Takeaways

Alphabet showed strong financial performance, with revenue and net income growth driven by Google's core advertising business and Google Cloud.
Tesla missed earnings estimates for the fourth consecutive quarter and reported lower automotive gross margins. They also mentioned lower delivery expectations for 2024.
Spotify reported record profits and gross margins, but slightly missed revenue and monthly average user expectations.
The market reactions to these earnings reports varied, with Alphabet experiencing a 2% decline, Tesla facing disappointment, and Spotify receiving a positive response.

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