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Interpreting Alphabet (GOOGL) International Revenue Trends
GOOGLAlphabet(GOOGL) Zacks Investment Research·2024-04-29 18:15

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 67.59billion,reflectingayearoveryearincreaseof16.467.59 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 23.79billion,representing35.223.79 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 70.32billionforthecurrentfiscalquarter,a13.370.32 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]