"The consensus among analysts covering Alphabet stock was for revenue of about $100 billion. Strong advertising sales at Google and YouTube, and robust demand for artificial intelligence compute power at Google Cloud, resulted in revenue of $102.4 billion, up 16% year over year. Google services, including Search, Android, YouTube and Chrome, saw revenue of $87.1 billion, up 14.5% year over year, thanks to ad demand and higher ad prices."
"Profit grew even faster than revenue. Alphabet's operating margin was 30.5%, and its net income was nearly $35 billion, up 33%. Its earnings per share, or EPS, of $2.87 increased 35%, outpacing analysts' $2.27 target. As expected, most of its operating profit, some $33.5 billion, came from Google Services. However, what really stands out is the leverage in Google Cloud. Its operating income surged a whopping 85% year-over-year to $3.6 billion."
Alphabet reported quarterly revenue of $102.4 billion, a 16% year-over-year increase that exceeded analyst expectations. Google services revenue reached $87.1 billion, driven by Search, Android, YouTube and Chrome, with higher ad demand and prices. YouTube ad sales were $10.3 billion, subscriptions rose 20.8% to $12.9 billion, and Google Cloud revenue jumped 34% to $15.2 billion amid growing AI compute and client training. Operating margin was 30.5% and net income nearly $35 billion, up 33%. EPS rose 35% to $2.87, beating consensus. Google Services supplied most operating profit while Google Cloud operating income surged 85% to $3.6 billion.
Read at Miami Herald
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