CSGP and GOOGL EPS Tonight
CSGP will likely report a weak bookings quarter after the close. Sometime in late May investors finally figured out that bookings matter for CSGP. CRE is weak, therefore June quarter bookings ought to be weak. You may find our recent CSGP note HERE.
GOOGL will be interesting from an Ad spend standpoint. With the macro economy softening, it would be logical for GOOGL to have experienced weakness from Ad buyers. Similarly, unit growth from premium subscription services such as YouTube TV and YouTube Premium has got to be slowing. Further, I can’t imagine that GOOGL has seen material uptake for its premium Gen AI offering - Gemini - at $20/user/month. See our recent Gemini note HERE.