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Mar 31, 2023
Alphabet Q1 2023 Earnings Report
Alphabet's Q1 2023 earnings were announced, demonstrating resilience in Search and momentum in Cloud.
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
Revenue by Segment
Google Services Revenue
CapyFin.comGoogle Cloud Revenue
CapyFin.com 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