Uber这次财报亮了！对我来说，这是一家让我心情非常复杂 Thus, the company's current financial health is solid, with ample cash and cash flow to meet its debt obligations without pressure. The Net Profit Margin (LLC) performance is extremely impressive, soaring from 7.89% last quarter to 35.23%. We will elaborate on these reasons later. Revenue reached a new high, operating profit reached a new high, and the current profit margin is 6.367%. This profit margin is still very low, but this is a common situation for marketplace companies. Operating expenses (ANZ) are high, as platform maintenance, precise navigation systems, and food delivery systems require significant R&D investment. This is also a common characteristic of high-tech stocks. Capital Expenditure (CAPEX) is minimal, which is understandable as there is not much investment in physical assets. Additionally, it's worth noting that Uber seems to be buying back its IPO shares this quarter, although the company is still issuing new shares overall.

I've spent considerable time detailing both viewpoints. How do I see it recently? I actually hold a neutral stance. However, I believe Uber will not be significantly impacted in the short term. After the latest financial report, according to my scoring system, Uber now scores seventy-five points. Frankly, I did not foresee this. The company scores almost zero on share buybacks, operating expenses (Rd), and SBC (Stock-Based Compensation) distribution, yet it still achieves seventy-five points. This indicates that the company's performance in other areas is excellent, which is why it received such a score. Furthermore, one point I haven't seen any blogger mention is that in the latest financial report, Uber released its accumulated losses from its early-stage massive deficits. This quarter, they directly released six billion US dollars. Wow, a six-billion-dollar tax credit on the income statement. The most direct impact, as I mentioned earlier, is that its Net Profit Margin (LLC) jumped from over 7% last quarter to over 25%. While this is a conventional move for tech giants just before achieving substantial profitability, Apple and Google have done similar things before. However, this undoubtedly indicates that management anticipates the company will soon achieve significant profitability.

Welcome to these common-sense wealth experiences. If this is your first time watching my videos, my name is Tang Shi. I entered the financial market in 2015. My purpose is singular: to help you achieve freedom and happiness through investment.

Amazon's stock fell by 21.313%. Compared to the other Magnificent Seven giants, Amazon's drop isn't the largest. With such a significant market adjustment, will it continue to fall, or is the current price a reasonable level for buying or adding to positions? Today, we will take a detailed look. Amazon's latest financial report is fresh out. Its data in all aspects remains unique in the world. This is why I often say there's no second company like Amazon in the world, because there simply isn't a second company in the world doing business like Amazon. You might not be fully aware that Amazon's business has long since moved beyond e-commerce. According to the latest financial report, Amazon's e-commerce platform, plus third-party e-commerce services, which is what we typically define as e-commerce, currently accounts for only 65.5% of Amazon's total revenue. While it remains the largest portion, roughly two-thirds, it's no longer Amazon's sole business. Amazon's second-largest business is its cloud computing service, AWS. It is the world's largest cloud computing provider, bar none. Currently, AWS-related business accounts for 15.4% of total revenue. Another point worth noting is that AWS's annualized growth rate is 19%, which is quite rapid growth.

Next is Amazon's advertising business. Yes, like Google and Microsoft, Amazon is also an advertising company. Although it's already an advertising giant, you rarely hear people talk about Amazon's advertising business. Its Amazon Advertising has become a significant player in the advertising industry. Currently, advertising revenue accounts for 9.2% of total revenue, and Amazon's advertising business is also one of its fastest-growing segments, with an annualized growth rate of eighteen percent. Finally, I want to mention Amazon's subscription business, primarily referring to Amazon Prime. It's no exaggeration to say that Amazon Prime is the glue that connects Amazon's entire ecosystem. Prime members not only enjoy free or discounted shipping on Amazon but also access all content from Amazon Prime Video and live streams. Additionally, Prime members can enjoy value-added services, such as discounts at Whole Foods or Amazon Fresh, and a series of offline benefits. Many people may not be aware that while Netflix is the leader in the streaming market, the second place isn't Disney, but Amazon Video. And another subscription service, Amazon Music, is also a strong competitor to Spotify. Based on current data, subscription revenue accounts for 6.81% of total revenue. Of course, Amazon also has some offline businesses, such as Whole Foods and Fresh mentioned earlier.

Let's look at this chart. These are Amazon's latest quarterly financial data. First, we see financial health: cash and cash flow indicate no significant pressure to repay debt. Net Profit Margin (LLC) is average at 13.44%. Revenue is at a new high, net profit is at a new high, and the current profit margin is 10.75%. We see that even Amazon's profit margin is higher than Uber's. Andy Jassy's strategy involves significant SBC (Stock-Based Compensation) distribution and substantial Kubernetes investment. Another major characteristic of Amazon is that the company neither pays dividends nor repurchases shares. After the latest financial report, in my scoring system, Amazon is not alone at 66.5. This score actually increased by one point last quarter. I've always believed Amazon is one of the few undervalued companies in my scoring system because Amazon receives zero points in many categories within my system. The company's circulating shares have a seven-fold increase in SBC distribution. These tech giants' usual practices—Amazon always goes full throttle, directly taking the maximum for LS1—result in a low score for Amazon. Yet, this company's industries are either first or second, and Amazon never stops innovating. Amazon is constantly trying new businesses, which sets it apart from many giant companies worldwide. Other companies generally slacken after conquering their territory, like Nokia, Boeing, Intel, and so on. This is why I like Amazon's corporate culture. In summary, no matter how you view its performance, you cannot help but respect Amazon's efforts.

Moody's stock has also fallen by 18.13%. Besides S&P Global, another rating agency I greatly admire is Moody's. In the past, I have not hesitated to share my fondness for this company. Its stock has undergone a significant adjustment. Will Moody's be a good opportunity? We will analyze this in detail today. If you frequently check the portfolios of investment banks, you will find that Moody's is a company that many super-investors particularly favor. For instance, Buffett's Berkshire Hathaway has consistently held a very large position in Moody's. Although it currently accounts for only 4.37% of Berkshire's total portfolio, it represents a substantial twelve percent of the total position. It's not just Buffett; fifteen super-investors in the US alone hold shares in Moody's, including many well-known names. In previous videos, I introduced some of them, such as Greg Garrison, Descartes, You are Glass, Francis, and so on. Of course, this also includes the aforementioned investment guru, Buffett. There are reasons why these best of the best like Moody's so much.

Currently, Moody's business can be divided into two segments: the credit rating business and the data analytics business. The credit rating business is similar to S&P Global's rating business; it is stable and provides a service that is always needed, regardless of market conditions, thus acting as a hedge against risk. Moody's Data Analytics, the other segment, generates revenue primarily through subscriptions, making it a recurring revenue model with very strong cash flow. In previous videos, I compared S&P Global and Moody's to companies selling shovels and carts in the gold mine of the financial market. I still believe this today, which is why not only super-investors like it, but I do too.

Let's look at this chart. This shows Moody's latest financial report data. First, we see financial health: cash and free cash flow mean no pressure to repay debt. Revenue has returned to over 20% and reached a new high. Operating profit is currently at 42.06%. Moody's operating profit significantly outperforms the previous companies, Uber and Amazon. We see they are very good at generating cash flow, and their SBC (Stock-Based Compensation) and CAPEX (Capital Expenditure) are not high. The company has no dividend index and its initial investment in companies is not large. Its biggest feature is stable dividends and significant share buybacks. It's clear that Moody's prioritizes shareholder interests. After the latest financial report, Moody's scores 78.5 in my scoring system. This score is quite high. The company is very stable, with almost no weaknesses. If I had to pick a flaw, it might be that the speed of share buybacks is not fast enough, and the company's profit growth rate is not fast enough. However, this is understandable because Moody's is not a growth-oriented tech stock; it is a long-established credit rating company. Therefore, overall, I still believe Moody's is a very good company.

That's all for this episode. The individual stock research reports I usually publish are only a small part of the full report. If you want to access the full research report, my daily watch list, and receive my real-time trading information and position information in a timely manner, don't forget to subscribe to the website membership. The link is in the description. If you are interested in my value investment philosophy, you can also try the value investment course I compiled. The link is also in the description. NVIDIA's recent decline has been quite dramatic. If you are interested in NVIDIA's future development, don't miss this video. Thank you for watching. I wish you successful investments. See you.