Alphabet Spikes 8% In After-Hours On ‘Better-than-Feared’ Q1 Results [Yahoo! Finance News]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance News
Shares in Alphabet GOOGLAs expected, the fallout from the coronavirus pandemic saw YouTube advertising revenue drop 14% compared to the previous quarter, but on a year-over-year basis the figure was still up over 33%.“Our business, led by , YouTube, and Cloud, drove Alphabet revenues to $41.2 billion, up 13% versus last year, or 15% on a constant currency basis,” commented Ruth Porat, CFO of Alphabet and Google. For instance, Google Cloud recorded $2.8B in revenue, up 52% year-over-year.“Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues” Porat said.To offset the lower ad revenue, she told investors that GOOGL is “sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.”Following the report, RBC Capital analystMark Mahaney“We do view the GOOGL Long Thesis as well intact and would expect fundamentals esp. ad revenue) to snap back when the economy
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GOOG
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GOOG
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- 12/3/25 - Form 144
- 12/3/25 - Form 144
- 12/2/25 - Form 4
- GOOG's page on the SEC website