{"id":14574,"date":"2024-04-26T08:19:26","date_gmt":"2024-04-26T02:49:26","guid":{"rendered":"https:\/\/bigbreakingwire.in\/alphabets-strong-q124-performance-earnings-highlights-and-strategic-insights\/"},"modified":"2024-04-26T17:12:23","modified_gmt":"2024-04-26T11:42:23","slug":"alphabets-strong-q124-performance-earnings-highlights-and-strategic-insights","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/alphabets-strong-q124-performance-earnings-highlights-and-strategic-insights\/","title":{"rendered":"Alphabet’s Strong Q1’24 Performance: Earnings Highlights and Strategic Insights"},"content":{"rendered":"
<\/div>\n

Alphabet Q1’24 Earnings Highlights:

Earnings Per Share (EPS):\u00a0
– Reported EPS: $1.89 (Estimated: $1.53); Increased +24% YoY

Total Revenue:\u00a0
– Reported Revenue: $80.54B (Estimated: $79.04B); Increased +15% YoY

Operating Income:\u00a0
– Reported Operating Income: $25.47B (Estimated: $22.4B); Increased +14% YoY

Operating Margin:\u00a0
– Operating Margin: 32% (Estimated: 28.6%); Increased by +7 percentage points (pp) YoY

Announcements:\u00a0
– First-ever dividend declared: $0.20\/share\u00a0
– Approved $70B share buyback

Google Cloud:\u00a0
– Revenue: $9.57B (Estimated: $9.37B); Increased +28% YoY
– Operating Income: $900M (Estimated: $672.4M); Increased +371% YoY
– Operating Margin: 9% (+7pp YoY)

Google Services:\u00a0
– Revenue: $70.4B (Estimated: $69.06B); Increased +14% YoY
– Operating Income: $27.90B (Estimated: $24.3B); Increased +15% YoY
– Google Search & Other Revenue: $46.16B
– YouTube Ads Revenue: $8.09B (Estimated: $7.73B); Increased +21% YoY

Other Bets:\u00a0
– Revenue: $495M (Estimated: $372.4M); Increased +33% YoY
– Operating Loss: $1.02B (Estimated Loss: $1.12B); Loss reduced by 9% YoY

Google Advertising:\u00a0
– Revenue: $61.66B (Estimated: $60.18B); Increased +13% YoY

Key Metrics and Other Information:\u00a0
– Capital Expenditure: $12.01B (Estimated: $10.32B); Increased +16% YoY
– Number of Employees: 180,895
– Traffic Acquisition Costs: $12.95B

CEO Sundar Pichai’s Commentary:\u00a0
– “Results in Q1 reflect strong performance from Search, YouTube, and Cloud. We’re well underway with Gemini and seeing great momentum across the company, with a leadership position in AI research and infrastructure.”

President and CIO Ruth Porat’s Commentary:\u00a0
– “Strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer the cost base.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Alphabet Q1’24 Earnings Highlights: Earnings Per Share (EPS):\u00a0 – Reported EPS: $1.89 (Estimated: $1.53); Increased +24% YoY Total Revenue:\u00a0 – Reported Revenue: $80.54B (Estimated: $79.04B);…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,31,616,619,1],"tags":[1348,3702,3707,847,1037,1527,3705,3252,3703,3607,3706,3708,1360,3556,3704,3701,1240,3711,2135,3710,3709],"class_list":["post-14574","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-business","category-stock-in-news","category-stocks-in-news","category-tech","tag-alphabet","tag-announcements","tag-capital-expenditure","tag-dividend","tag-earnings","tag-eps","tag-google-advertising","tag-google-cloud","tag-google-services","tag-highlights","tag-key-metrics","tag-number-of-employees","tag-operating-income","tag-operating-margin","tag-other-bets","tag-q124","tag-revenue","tag-ruth-porat","tag-share-buyback","tag-sundar-pichai","tag-traffic-acquisition-costs","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3N4","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=14574"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14574\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=14574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=14574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=14574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}