Core Insights - The performance of Alphabet's international operations is crucial for understanding its financial strength and growth potential [1] - The company's total revenue for the quarter ending March 2024 was $67.59 billion, reflecting a year-over-year increase of 16.4% [2] International Revenue Breakdown - APAC contributed $13.29 billion, accounting for 19.7% of total revenue, which was a surprise of -1.3% compared to the consensus estimate [3] - EMEA generated $23.79 billion, representing 35.2% of total revenue, with a positive surprise of +1.65% against expectations [3] - Other Americas accounted for $4.65 billion, or 6.9% of total revenue, exceeding expectations by +3.99% [4] Future Revenue Projections - Analysts anticipate total revenue of $70.32 billion for the current fiscal quarter, a 13.3% increase year-over-year [5] - For the full year, expected total revenue is $294.33 billion, marking a 14.8% increase compared to the previous year [5] Stock Performance - Over the past month, Alphabet's stock increased by 13.9%, while the S&P 500 composite decreased by 2% [8] - In the last three months, the stock price rose by 20.8%, outperforming the S&P 500 index, which increased by 4.6% [8]

These top investors are big backers of the "Magnificent Seven."Jim Simons, Ray Dalio, and Israel Englander are some of the most successful investors in history.All three are billionaires, and their respective hedge funds -- Renaissance Technologies, Bridgewater Associates, and Millennium Management -- have made thousands of investors rich along with them.In investing, there are no bonus points for originality, so it pays to study the masters. In fact, thanks to the 13F filings required by the Securities and ...

We have Apple and Amazon on deck to report Q1 results this week, and we will need to wait a few more weeks before we see Nvidia’s numbers. But we have already seen Q1 results from the other four members of the ‘Magnificent 7’ group: Alphabet (GOOGL) , Microsoft (MSFT) , Meta (META) , and Tesla (TSLA) .It is hard to find any weakness in the Microsoft and Alphabet reports, and the market’s reaction to these two reports shows that investors agree with that assessment. The Alphabet report appears to reassure in ...

Alphabet (GOOGL)  made headlines in Friday’s trading session after crushing its first quarter earnings expectations yesterday evening and helping the broader indexes cap off a strong rebound.  Surging more than +10% today, Alphabet shares were boosted by news that the tech giant will be paying its first-ever dividend along with its board of directors approving $70 billion in stock buybacks.Let’s review Alphabet’s captivating Q1 report and see if now is a good time to buy into the strong post-earnings rally ...

The Nasdaq-100 (NDX) is heading toward its best week since early November. Helping the tech-specific index stick the landing today is a cool 10.5% pop from Alphabet Inc Class A (NASDAQ:GOOGL). The tech conglomerate was last seen trading at $172.17, and earlier hit a record high of $174.17, after parent company of Google reported a first-quarter earnings and revenue beat, announced a $70 billion stock buyback plan, and unveiled its first dividend. GOOGL has staged quite the bounce off its 200-day moving aver ...

Alphabet’s (GOOGL) first-quarter 2024 earnings of $1.89 per share beat the Zacks Consensus Estimate by 26.8%. The figure grew 61.5% year over year.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 ...

Key PointsAlphabet stock is surging in the pre-market after the company delivered a double beat and announced its first-ever dividend. The report is allowing Alphabet to change the narrative after a rough first quarter that had investors questioning the company’s leadership in AI. With analysts bidding the stock higher, GOOGL will likely recover its $2 trillion market cap. 5 stocks we like better than AlphabetAlphabet Inc. NASDAQ: GOOGL got a much-needed win from its first-quarter earnings report. Shares of ...

Key PointsAlphabet shares hit a new high earlier this month and have managed to stay effectively flat amidst all the selling. It’s a similar story with Exxon, who are already moving higher again from a minor dip two weeks ago. Wells Fargo is another one with a ton of upside potential, and investors should be watching closely.5 stocks we like better than Exxon MobilWith the S&P 500 index, and equities in general, having had their worst run of red days so far this year, almost every stock has seen losses in r ...

Alphabet Joins $2 Trillion Club Drew Angerer / Getty Images News via Getty Images Alphabet Inc. (NASDAQ: GOOGL), helped by strong earnings, will pass the $2 trillion market cap at the opening of trading. The only companies ahead of it are Microsoft Corp. (NASDAQ: MSFT) ($2.97 trillion), Apple Inc. (NASDAQ: AAPL) ($2.62 trillion), and Nvidia Corp. (NASDAQ: NVDA) ($2.06 trillion).Alphabet earned its spot the hard way. It continued to drive its key online marketing business, even though cloud computing and A ...

Revenue Growth - Revenue increased from $69.787 billion in Q1 2023 to $80.539 billion in Q1 2024, reflecting a growth of approximately 15.4%[11] - Total revenues for Q1 2024 reached $80.539 billion, a 15.4% increase from $69.787 billion in Q1 2023[28] - Total revenues increased from $69.787 billion in March 2023 to $80.539 billion in March 2024[95] - Total revenues increased from $69,787 million in March 2023 to $80,539 million in March 2024, reflecting a growth of 15.4%[11] Net Income and Earnings Per Share - Net income rose from $15.051 billion in Q1 2023 to $23.662 billion in Q1 2024, marking a significant increase of 57.2%[11] - Basic net income per share rose from $1.18 in Q1 2023 to $1.91 in Q1 2024[11] - Net income for Q1 2024 increased to $23.662 billion, up from $15.051 billion in Q1 2023[19] - Net income increased from $15,051 million in Q1 2023 to $23,662 million in Q1 2024, a significant growth[19] - Alphabet's net income per share for Class A, Class B, and Class C stock was $1.91 for Q1 2024[88] - Diluted net income per share increased from $1.17 in March 2023 to $1.89 in March 2024[11] Cost and Expenses - Cost of revenues increased from $30.612 billion in Q1 2023 to $33.712 billion in Q1 2024, a rise of 10.1%[11] - Research and development expenses increased slightly from $11.468 billion in Q1 2023 to $11.903 billion in Q1 2024[11] - Research and development expenses increased slightly from $11,468 million in March 2023 to $11,903 million in March 2024[11] - Total stock-based compensation (SBC) expense was $5.3 billion for the three months ended March 31, 2023 and 2024[89] Assets and Liabilities - Total assets grew from $402.392 billion as of December 31, 2023, to $407.350 billion as of March 31, 2024[9] - Total liabilities decreased from $119.013 billion as of December 31, 2023, to $114.506 billion as of March 31, 2024[9] - Total stockholders' equity increased to $292.844 billion as of March 31, 2024, up from $260.894 billion as of March 31, 2023[17] - Stockholders' equity increased from $283,379 million as of December 31, 2023, to $292,844 million as of March 31, 2024[17] - Total long-term debt was $13.228 billion as of March 31, 2024, slightly down from $13.253 billion as of December 31, 2023[64] Cash and Investments - Cash and cash equivalents decreased from $24.048 billion as of December 31, 2023, to $24.493 billion as of March 31, 2024[9] - Marketable securities decreased from $110.916 billion as of December 31, 2023, to $108.090 billion as of March 31, 2024[9] - Total cash, cash equivalents, and marketable securities as of December 31, 2023, stood at $98.407 billion, with $86.868 billion in marketable securities and $24.048 billion in cash and cash equivalents[34] - Total cash, cash equivalents, and marketable securities as of March 31, 2024, stood at $96.261 billion, with $83.597 billion in marketable securities and $24.493 billion in cash and cash equivalents[37] Segment Performance - Google Cloud revenues grew to $9.574 billion in Q1 2024, up 28.4% from $7.454 billion in Q1 2023[28] - YouTube ad revenues increased to $8.090 billion in Q1 2024, a 20.9% rise from $6.693 billion in Q1 2023[28] - Google Search & other revenues rose to $46.156 billion in Q1 2024, up 14.4% from $40.359 billion in Q1 2023[28] - Google Services revenue grew from $61.961 billion in March 2023 to $70.398 billion in March 2024[95] - Google Cloud revenue increased from $7.454 billion in March 2023 to $9.574 billion in March 2024[95] - Other Bets revenue rose from $288 million in March 2023 to $495 million in March 2024[95] Share Repurchases and Dividends - Stock repurchases in Q1 2024 totaled $15.696 billion, compared to $14.557 billion in Q1 2023[19] - Alphabet's Board authorized an additional $70.0 billion for share repurchases in April 2024[84] - Alphabet declared a cash dividend of $0.20 per share, payable on June 17, 2024, with plans for future quarterly dividends[86] - The company repurchased $15.1 billion and $16.1 billion of Alphabet's Class A and Class C shares during the three months ended March 31, 2023 and 2024, respectively[84] Legal and Regulatory Matters - The company is involved in several antitrust matters with the European Commission, including fines totaling €8.2 billion ($9.5 billion) across three cases[75] - Google reached a settlement in principle with 50 state Attorneys General and three territories regarding antitrust complaints related to Android and Google Play, with final approval expected in 2024[76] - A California jury found Google violated antitrust laws in the Epic Games v. Google case, with non-monetary remedies to be determined in 2024[76] - Google faces multiple antitrust investigations and lawsuits globally, including from the DOJ, EC, CMA, and ACCC, with trials scheduled for 2024 and 2025[77][78] - Google is subject to privacy-related investigations and lawsuits in the U.S. and EU, which could result in significant fines and product changes[79] - Google has ongoing patent and intellectual property lawsuits that could lead to substantial monetary damages or changes in business practices[80] Other Financial Metrics - Comprehensive income increased from $16.654 billion in Q1 2023 to $23.225 billion in Q1 2024[13] - Other comprehensive income (loss) decreased from $1,603 million in March 2023 to $(437) million in March 2024[13] - Net cash provided by operating activities increased from $23,509 million in Q1 2023 to $28,848 million in Q1 2024[19] - Purchases of property and equipment increased from $6,289 million in Q1 2023 to $12,012 million in Q1 2024[19] - Income before provision for income taxes increased from $18.205 billion in March 2023 to $28.315 billion in March 2024[93] - Effective tax rate decreased from 17.3% in March 2023 to 16.4% in March 2024[93]