Alphabet Inc. (GOOG) CEO Sundar Pichai on Q2 2022 Results - Earnings Call Transcript

Alphabet Inc. (NASDAQ:GOOG) Q2 2022 Results Conference Call July 26, 2022 5:00 PM ET

Company Participants

Jim Friedland - Director, IR

Sundar Pichai - CEO

Philipp Schindler - SVP and Chief Business Officer

Ruth Porat - CFO

Conference Call Participants

Douglas Anmuth - JPMorgan

Brian Nowak - Morgan Stanley

Eric Sheridan - Goldman Sachs

Michael Nathanson - MoffettNathanson

Justin Post - Bank of America Merrill Lynch

Brent Thill - Jefferies

Mark Mahaney - Evercore ISI

Colin Sebastian - Baird

Ross Sandler - Barclays

Operator

Welcome, everyone, and thank you for standing by for the Alphabet Inc. Second Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Jim Friedland, Director of Investor Relations. Please go ahead.

Jim Friedland

Thank you. Good afternoon, everyone, and welcome to Alphabet’s second quarter 2022 earnings conference call.

With us today are Sundar Pichai, Philipp Schindler and Ruth Porat. Now, I’ll quickly cover the safe harbor.

Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially.

For more information, please refer to the risk factors discussed in our most recent Form 10-K filed with the SEC. During this call, we will present both, GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today’s earnings press release, which is distributed and available to the public through our Investor Relations website located at abc.xyz/investor.

And now, I’ll turn the call over to Sundar.

Sundar Pichai

Thank you, Jim, and good afternoon, everyone.

I’m proud of how our teams continue to build helpful products and experiences for people and partners. Reflecting this, our performance in Search in the second quarter was strong. We are also seeing momentum in Cloud.

With an uncertain global economic outlook, our strategy to invest in deep technology and computer science to build helpful products for the long term is the right one. Our ability to take the long view stems from our timeless mission, to organize the world’s information and make it universally accessible and useful.

At Google I/O in May, I talked about two key ways we move that mission forward, advancing both knowledge and computing. Those goals are at the heart of what we do. We know that our services are particularly helpful to people and businesses during uncertain moments. Whether it’s using Search or YouTube to find anything from anywhere or highly efficient tools like Search Ads that help businesses of all sizes reach customers or Google Cloud, which helps companies adapt to hybrid work and find efficiencies.