Alphabet (GOOGL) Q1 Earnings Beat, Revenues Increase Y/Y [Yahoo! Finance]
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
Revenues of $80.54 billion increased 15% year over year (16% at constant currency). Net revenues, excluding total traffic acquisition costs (“TAC”) (the portion of revenues shared with Google's partners, and the amount paid to distribution partners and others who direct traffic to Google's website), were $67.6 billion, which surpassed the consensus mark of $66.04 billion. The figure rose 16.4% from the year-ago quarter. TAC of $12.95 billion was up 10.5% year over year. Top-line growth was driven by solid performances by Search and YouTube. The growing cloud and Other Bets segments were positives. Accelerating advertisement revenues created other tailwinds. However, Alphabet continued to witness sluggishness in Google Network ads, which was concerning. Nevertheless, the company's growing investments in generative AI to boost its Search and cloud business are likely to yield massive returns in the days ahead. Growing momentum with Gemini was another positive. Alphabet has
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GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 5/6/24 - Form PX14A6G
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website