Alphabet expects changes to de minimis rules to cause a slight headwind to their ads business this year, reiterates CapEx spending guidance for 2025
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On the earnings call, Alphabet reiterated its expectation to invest approximately $75 billion in CapEx this year.
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CFO Anat Ashkenazi emphasized that the company plans to proceed with this investment even amid macroeconomic uncertainty, citing strong opportunities across the organization. However, she noted that Alphabet will still factor in internal and external developments when making capital allocation decisions.
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Chief Business Officer Philipp Schindler stated it is too early to assess the full impact of tariffs, though changes to the de minimis exemption are expected to pose a small headwind to the ads business in 2025.
“With regard to Q2, we’re only a few weeks in, so it’s really too early to comment. I mean, we’re obviously not immune to the macro environment. But we wouldn’t want to speculate about potential impacts beyond noting that the changes to the de minimis exemption will obviously cause slight headwind to our Ads business in 2025, primarily from APAC-based retailers,” he said.
https://seekingalpha.com/article/4777993-alphabet-inc-goog-q1-2025-earnings-call-transcript