Alphabet (GOOGL) Q1 Earnings Beat, Revenues Increase Y/Y

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 ...