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Mar 31, 2024
Alphabet Q1 2024 Earnings Report
Alphabet's Q1 2024 financial results reflected strong performance from Search, YouTube, and Cloud, with revenue strength across the company and ongoing efforts to reengineer the cost base.
Key Takeaways
Alphabet's Q1 2024 earnings showcased strong revenue growth, driven by Search, YouTube, and Cloud. The company reported revenues of $80.5 billion, a 15% increase year-over-year, and an expansion in operating margin. A cash dividend program was initiated, and the board authorized the repurchase of up to $70 billion of Class A and Class C shares.
Revenues reached $80.5 billion, up 15% year-over-year.
Operating income was $25.47 billion, with an operating margin of 32%.
Net income amounted to $23.66 billion, resulting in diluted EPS of $1.89.
The board of directors approved a cash dividend program and authorized up to $70 billion in stock repurchases.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release does not contain specific forward guidance. It mentions forward-looking statements and refers to risks and uncertainties detailed in the company's filings.
Positive Outlook
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- Not applicable as no specific positive guidance is provided.
Challenges Ahead
- Not applicable as no specific negative guidance is provided.
- Not applicable as no specific negative guidance is provided.
- Not applicable as no specific negative guidance is provided.
- Not applicable as no specific negative guidance is provided.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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