Google Q3 2025 Postmortem: Why the market likes it...

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Avory - Markets and Investing

Avory & Co.

99 episodes

6 days ago

Around the Desk: This is where we at Avory think out loud, challenge narratives, and look for signal through the noise. Each episode, the Avory & Co. team dives into what’s moving markets, how companies are performing, and where opportunities may be forming. We break down earnings, macro trends, and investor sentiment — all from the lens of a concentrated, high-conviction portfolio. *** The views expressed on Avory Podcast: Around the Desk are those of the hosts and guests and do not constitute investment advice. This podcast is for informational purposes only and should not be relied upon to make investment decisions. All investments involve risk, including potential loss of capital. Avory & Co. may hold positions in the companies discussed.

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Investing

Business,

Management

Google Q3 2025 Postmortem: Why the market likes it...

Avory - Markets and Investing

8 minutes

2 weeks ago

Google Q3 2025 Postmortem: Why the market likes it...

Google Q3 2025 Post-Mortem: AI Execution Over AI Hype

Post Mortem

In this episode of Around the Desk, Sean Emory, Founder & CIO of Avory & Co., breaks down why investors are rewarding Google’s spending while punishing others, and how its strategy from TPUs to Gemini shows real ROI in the new compute era.

We cover:
• Revenue acceleration across Search, YouTube, and Cloud (+15% to +34%)
• Gemini’s rapid growth to 650M users, 300M paid
• Why CAPEX to $93B is seen as productive, not reckless
• Anthropic’s commitment to TPUs and the growing Cloud backlog (+46%)
• How AI integration is lifting engagement and monetization
• Why Google’s AI flywheel looks more efficient than peers

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