Subtext

Alphabet Inc. GOOGL

SectorCommunication Services
Transcripts77
Date range2006-04-21 – 2025-04-24
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-22-11+0+11+222006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · Overall: +12.82006 Q2 · Overall: +11.92006 Q3 · Overall: +11.82006 Q4 · Overall: +14.32007 Q1 · Overall: +12.52007 Q2 · Overall: +15.32007 Q3 · Overall: +10.42007 Q4 · Overall: +8.42008 Q1 · Overall: +10.62008 Q2 · Overall: +11.52008 Q3 · Overall: +8.22008 Q4 · Overall: -2.92009 Q1 · Overall: -2.22009 Q2 · Overall: +0.42009 Q3 · Overall: +2.82009 Q4 · Overall: +3.92010 Q1 · Overall: +9.22010 Q2 · Overall: +6.02010 Q3 · Overall: +2.92010 Q4 · Overall: +8.92011 Q1 · Overall: +11.02011 Q2 · Overall: +17.62011 Q3 · Overall: +15.32011 Q4 · Overall: +12.42012 Q1 · Overall: +12.42012 Q2 · Overall: +5.92012 Q3 · Overall: +9.62012 Q4 · Overall: +11.72013 Q1 · Overall: +8.82013 Q2 · Overall: +13.32013 Q3 · Overall: +14.42013 Q4 · Overall: +6.92014 Q1 · Overall: +7.92014 Q2 · Overall: +7.22014 Q3 · Overall: +9.82014 Q4 · Overall: +3.92015 Q1 · Overall: +11.52015 Q2 · Overall: +10.72015 Q3 · Overall: +10.92015 Q4 · Overall: +14.42016 Q1 · Overall: +15.42016 Q2 · Overall: +13.82016 Q3 · Overall: +14.72016 Q4 · Overall: +13.72017 Q1 · Overall: +17.62017 Q2 · Overall: +12.32017 Q3 · Overall: +13.72017 Q4 · Overall: +13.12018 Q1 · Overall: +15.62018 Q2 · Overall: +14.72018 Q3 · Overall: +13.62018 Q4 · Overall: +15.22019 Q1 · Overall: +11.82019 Q2 · Overall: +9.72019 Q3 · Overall: +12.12019 Q4 · Overall: +10.62020 Q1 · Overall: +6.42020 Q2 · Overall: +9.92020 Q3 · Overall: +13.22020 Q4 · Overall: +11.02021 Q1 · Overall: +12.72021 Q2 · Overall: +11.22021 Q3 · Overall: +9.82021 Q4 · Overall: +14.22022 Q1 · Overall: +0.02022 Q2 · Overall: +5.22022 Q3 · Overall: +4.72022 Q4 · Overall: +3.42023 Q1 · Overall: +14.42023 Q2 · Overall: +15.12023 Q3 · Overall: +17.62023 Q4 · Overall: +8.42024 Q1 · Overall: +12.22024 Q2 · Overall: +19.62024 Q3 · Overall: +17.62024 Q4 · Overall: +17.12025 Q1 · Overall: +15.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-35-18+0+18+352006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · CEO: +22.02006 Q2 · CEO: +16.72006 Q3 · CEO: +11.32006 Q4 · CEO: +17.32007 Q1 · CEO: +8.92007 Q2 · CEO: +15.52007 Q4 · CEO: +5.42008 Q1 · CEO: +6.32008 Q2 · CEO: +14.72008 Q3 · CEO: -1.12010 Q4 · CEO: +11.82011 Q2 · CEO: +29.62011 Q3 · CEO: +24.22011 Q4 · CEO: +23.42012 Q1 · CEO: +18.62012 Q3 · CEO: +19.42012 Q4 · CEO: +25.02013 Q1 · CEO: +18.32013 Q2 · CEO: +30.82013 Q3 · CEO: +18.62006 Q1 · CFO: +14.62006 Q2 · CFO: +14.12006 Q3 · CFO: +18.72006 Q4 · CFO: +26.32007 Q1 · CFO: +16.92007 Q2 · CFO: +14.82007 Q3 · CFO: +11.72007 Q4 · CFO: +9.82008 Q1 · CFO: +18.62008 Q2 · CFO: +12.42008 Q3 · CFO: +17.12008 Q4 · CFO: -7.72009 Q1 · CFO: -2.12009 Q2 · CFO: -1.82009 Q3 · CFO: +2.42009 Q4 · CFO: +7.92010 Q1 · CFO: +13.52010 Q2 · CFO: +12.22010 Q3 · CFO: +2.42010 Q4 · CFO: +9.32011 Q1 · CFO: +7.52011 Q2 · CFO: +6.52011 Q3 · CFO: +11.12011 Q4 · CFO: +8.02012 Q1 · CFO: +9.22012 Q2 · CFO: -3.12012 Q3 · CFO: +2.82012 Q4 · CFO: +2.12013 Q1 · CFO: +5.62013 Q2 · CFO: -0.62013 Q3 · CFO: +5.62013 Q4 · CFO: -2.62014 Q1 · CFO: +6.72014 Q2 · CFO: +3.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-50-25+0+25+502006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · Prepared remarks: +20.32006 Q2 · Prepared remarks: +18.12006 Q3 · Prepared remarks: +23.52006 Q4 · Prepared remarks: +26.42007 Q1 · Prepared remarks: +22.42007 Q2 · Prepared remarks: +22.62007 Q3 · Prepared remarks: +14.02007 Q4 · Prepared remarks: +19.82008 Q1 · Prepared remarks: +22.22008 Q2 · Prepared remarks: +18.02008 Q3 · Prepared remarks: +17.72008 Q4 · Prepared remarks: +0.02009 Q1 · Prepared remarks: -2.52009 Q2 · Prepared remarks: -2.62009 Q3 · Prepared remarks: +2.72009 Q4 · Prepared remarks: -2.32010 Q1 · Prepared remarks: +19.52010 Q2 · Prepared remarks: +13.22010 Q3 · Prepared remarks: +12.12010 Q4 · Prepared remarks: +11.42011 Q1 · Prepared remarks: +13.02011 Q2 · Prepared remarks: +21.62011 Q3 · Prepared remarks: +17.52011 Q4 · Prepared remarks: +21.92012 Q1 · Prepared remarks: +17.82012 Q2 · Prepared remarks: +11.62012 Q3 · Prepared remarks: +18.62012 Q4 · Prepared remarks: +21.32013 Q1 · Prepared remarks: +19.12013 Q2 · Prepared remarks: +16.92013 Q3 · Prepared remarks: +19.42013 Q4 · Prepared remarks: +15.02014 Q1 · Prepared remarks: +14.02014 Q2 · Prepared remarks: +12.82014 Q3 · Prepared remarks: +17.32014 Q4 · Prepared remarks: +10.92015 Q1 · Prepared remarks: +15.82015 Q2 · Prepared remarks: +18.32015 Q3 · Prepared remarks: +16.62015 Q4 · Prepared remarks: +19.32016 Q1 · Prepared remarks: +20.82016 Q2 · Prepared remarks: +21.12016 Q3 · Prepared remarks: +18.32016 Q4 · Prepared remarks: +21.82017 Q1 · Prepared remarks: +24.32017 Q2 · Prepared remarks: +17.72017 Q3 · Prepared remarks: +18.02017 Q4 · Prepared remarks: +21.72018 Q1 · Prepared remarks: +21.12018 Q2 · Prepared remarks: +17.52018 Q3 · Prepared remarks: +16.82018 Q4 · Prepared remarks: +18.42019 Q1 · Prepared remarks: +17.12019 Q2 · Prepared remarks: +19.82019 Q3 · Prepared remarks: +6.32019 Q4 · Prepared remarks: +14.92020 Q1 · Prepared remarks: +6.52020 Q2 · Prepared remarks: +12.02020 Q3 · Prepared remarks: +22.82020 Q4 · Prepared remarks: +7.22021 Q1 · Prepared remarks: +17.62021 Q2 · Prepared remarks: +14.32021 Q3 · Prepared remarks: +14.42021 Q4 · Prepared remarks: +18.22022 Q1 · Prepared remarks: +16.92022 Q2 · Prepared remarks: +30.92022 Q3 · Prepared remarks: +3.32022 Q4 · Prepared remarks: +14.82023 Q1 · Prepared remarks: +43.72023 Q2 · Prepared remarks: +24.22023 Q3 · Prepared remarks: +22.82023 Q4 · Prepared remarks: +28.82024 Q1 · Prepared remarks: +40.32024 Q2 · Prepared remarks: +24.82024 Q3 · Prepared remarks: +22.62024 Q4 · Prepared remarks: +19.72025 Q1 · Prepared remarks: +20.82006 Q1 · Q&A responses: +15.52006 Q2 · Q&A responses: +12.92006 Q3 · Q&A responses: +13.32006 Q4 · Q&A responses: +10.72007 Q1 · Q&A responses: +15.02007 Q2 · Q&A responses: +17.52007 Q3 · Q&A responses: +9.52007 Q4 · Q&A responses: +4.02008 Q1 · Q&A responses: +7.02008 Q2 · Q&A responses: +11.82008 Q3 · Q&A responses: +1.72008 Q4 · Q&A responses: -0.22009 Q1 · Q&A responses: +2.92009 Q2 · Q&A responses: +5.32009 Q4 · Q&A responses: +7.22010 Q1 · Q&A responses: +11.82010 Q2 · Q&A responses: +5.32010 Q3 · Q&A responses: +2.12010 Q4 · Q&A responses: +11.22011 Q1 · Q&A responses: +13.62011 Q2 · Q&A responses: +15.72011 Q3 · Q&A responses: +15.92011 Q4 · Q&A responses: +7.52012 Q1 · Q&A responses: +8.22012 Q2 · Q&A responses: +4.72012 Q3 · Q&A responses: +9.02012 Q4 · Q&A responses: +10.42013 Q1 · Q&A responses: +7.12013 Q2 · Q&A responses: +12.42013 Q3 · Q&A responses: +12.32013 Q4 · Q&A responses: +3.92014 Q1 · Q&A responses: +6.02014 Q2 · Q&A responses: +5.42014 Q3 · Q&A responses: +6.62014 Q4 · Q&A responses: -0.42015 Q1 · Q&A responses: +14.82015 Q2 · Q&A responses: +11.12015 Q3 · Q&A responses: +14.92015 Q4 · Q&A responses: +16.62016 Q1 · Q&A responses: +18.32016 Q2 · Q&A responses: +13.82016 Q3 · Q&A responses: +20.82016 Q4 · Q&A responses: +11.92017 Q1 · Q&A responses: +20.92017 Q2 · Q&A responses: +38.52017 Q3 · Q&A responses: +20.02017 Q4 · Q&A responses: +15.62018 Q1 · Q&A responses: +19.72018 Q2 · Q&A responses: +19.72018 Q3 · Q&A responses: +18.22018 Q4 · Q&A responses: +19.42019 Q1 · Q&A responses: +15.22019 Q2 · Q&A responses: +16.22019 Q3 · Q&A responses: +22.42019 Q4 · Q&A responses: +16.52020 Q1 · Q&A responses: +11.12020 Q2 · Q&A responses: +16.62020 Q3 · Q&A responses: +20.02020 Q4 · Q&A responses: +17.22021 Q1 · Q&A responses: +12.62021 Q2 · Q&A responses: +13.02021 Q3 · Q&A responses: +14.12021 Q4 · Q&A responses: +16.62022 Q1 · Q&A responses: +9.52022 Q2 · Q&A responses: +15.32022 Q3 · Q&A responses: +12.92022 Q4 · Q&A responses: +11.42023 Q1 · Q&A responses: +16.52023 Q2 · Q&A responses: +24.52023 Q3 · Q&A responses: +22.42023 Q4 · Q&A responses: +19.82024 Q1 · Q&A responses: +16.62024 Q2 · Q&A responses: +20.52024 Q3 · Q&A responses: +20.22024 Q4 · Q&A responses: +24.32025 Q1 · Q&A responses: +20.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.78$4.90$9.012006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $1.352014 Q2: $1.462014 Q3: $1.512014 Q4: $1.522015 Q1: $1.492015 Q2: $1.522015 Q3: $1.632015 Q4: $1.712016 Q1: $1.802016 Q2: $1.832016 Q3: $1.952016 Q4: $2.062017 Q1: $1.752017 Q2: $1.862017 Q3: $1.882017 Q4: $2.082018 Q1: $2.162018 Q2: $2.312018 Q3: $2.302018 Q4: $2.362019 Q1: $2.452019 Q2: $2.482019 Q3: $2.702019 Q4: $2.712020 Q1: $2.772020 Q2: $2.402020 Q3: $2.682020 Q4: $3.062021 Q1: $3.622021 Q2: $4.562021 Q3: $5.252021 Q4: $5.602022 Q1: $6.062022 Q2: $6.092022 Q3: $5.722022 Q4: $5.232023 Q1: $5.362023 Q2: $5.822023 Q3: $6.422023 Q4: $6.692024 Q1: $7.082024 Q2: $8.092024 Q3: $8.45

Forward P/E

15.5823.4331.282006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 22.252014 Q2: 19.202014 Q3: 19.582014 Q4: 16.662015 Q1: 19.002015 Q2: 17.922015 Q3: 20.452015 Q4: 22.712016 Q1: 21.012016 Q2: 20.012016 Q3: 20.272016 Q4: 19.852017 Q1: 24.882017 Q2: 26.022017 Q3: 25.242017 Q4: 25.272018 Q1: 26.622018 Q2: 24.822018 Q3: 25.552018 Q4: 21.942019 Q1: 24.492019 Q2: 22.322019 Q3: 22.802019 Q4: 24.942020 Q1: 19.702020 Q2: 30.202020 Q3: 28.242020 Q4: 28.712021 Q1: 28.742021 Q2: 26.482021 Q3: 27.542021 Q4: 26.152022 Q1: 22.002022 Q2: 18.012022 Q3: 18.362022 Q4: 18.182023 Q1: 17.952023 Q2: 21.252023 Q3: 21.292023 Q4: 19.822024 Q1: 19.752024 Q2: 21.662024 Q3: 18.92

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↑ +7.6 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2017 Q1 tone ↑ +3.9 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -5.3 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -3.3 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.2 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +3.5 fwd EPS ↓ -0.37 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -2.2 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -14.2 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -9.2 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+15.6——View →
2024 Q42025-02-04+17.1——View →
2024 Q32024-10-29+17.6$8.4518.9View →
2024 Q22024-07-23+19.6$8.0921.7View →
2024 Q12024-04-25+12.2$7.0819.8View →
2023 Q42024-01-30+8.4$6.6919.8View →
2023 Q32023-10-24+17.6$6.4221.3View →
2023 Q22023-07-25+15.1$5.8221.2View →