Alphabet Q1 2023 Earnings Report
Key Takeaways
Alphabet Inc. reported Q1 2023 consolidated revenues of $69.8 billion, a 3% increase year over year (or 6% in constant currency). The results included $2.6 billion in charges related to workforce and office space reductions and a $988 million reduction in depreciation expense.
Q1 consolidated revenues reached $69.8 billion, up 3% year over year, or up 6% in constant currency.
Operating income was $17.415 billion, with an operating margin of 25%.
Net income was $15.051 billion, resulting in diluted EPS of $1.17.
The company authorized the repurchase of up to an additional $70.0 billion of its Class A and Class C shares.
Alphabet
Alphabet
Alphabet Revenue by Segment
Alphabet Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income