Alphabet (GOOGL) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Alphabet (GOOGL) reported $67.59 billion in revenue for Q1 2024, a year-over-year increase of 16.4% and an EPS of $1.89 compared to $1.17 a year ago, exceeding Wall Street expectations [1] - The revenue surpassed the Zacks Consensus Estimate by 2.35%, while the EPS surprise was 26.85% above the consensus estimate [1] Financial Performance Metrics - Total Traffic Acquisition Costs (TAC) were $12.95 billion, exceeding the average estimate of $12.67 billion [2] - Headcount stood at 180,895, slightly below the average estimate of 181,850 [2] - Revenue from EMEA was $23.79 billion, surpassing the estimate of $23.40 billion, reflecting a 12.9% year-over-year increase [2] - Revenue from the United States reached $38.74 billion, exceeding the estimate of $36.99 billion, with a year-over-year change of 17.9% [2] - Revenue from Other Americas was $4.65 billion, above the estimate of $4.47 billion, marking a 14% year-over-year increase [2] - Revenue from APAC was $13.29 billion, slightly below the estimate of $13.46 billion, with a year-over-year change of 13.8% [2] - Revenue from Google Search & other was $46.16 billion, exceeding the estimate of $44.73 billion, representing a 14.4% year-over-year increase [2] - YouTube ads generated $8.09 billion, surpassing the estimate of $7.71 billion, with a year-over-year increase of 20.9% [2] - Revenue from Google Network was $7.41 billion, below the estimate of $7.67 billion, reflecting a -1.1% year-over-year change [2] - Google advertising revenue totaled $61.66 billion, exceeding the estimate of $60.18 billion, with a year-over-year increase of 13% [2] - Google Cloud revenue was $9.57 billion, surpassing the estimate of $9.25 billion, marking a significant 28.4% year-over-year increase [2] - Total revenue from Google Services was $70.40 billion, exceeding the estimate of $69.04 billion, with a year-over-year increase of 13.6% [2] Stock Performance - Alphabet shares have returned +5.5% over the past month, while the Zacks S&P 500 composite has decreased by -3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]