US Internet：Getting Over the Fears around Depreciation Expense Mismodeling

ab 14 August 2024 Global Research and Evidence Lab US Internet Getting Over the Fears around Depreciation Expense Mismodeling Key Takeaways With our Capital Expenditure forecasts for 2025 rising by ~$30.7B for Amazon (AWS), Google, and Meta in the aggregate (from$125.5B to $156.2B), we have been fielding increased questions from investors on whether the Street is properly modeling the higher Operating Expenses (particularly depreciation) that go with the elevated level of spending. The concern here is that ...