Alphabet's Q1 Earning Report

👉 Financial Performance:
➡️ Revenue: $80.5 billion, a 15% increase, reflecting strong Search, YouTube, and Cloud growth.
➡️ Operating Income: Rose to $25.47 billion, up 32% year over year.
➡️ Net Income: Increased to $23.66 billion, up 15% compared to last year.
➡️ EPS: Diluted earnings per share grew to $1.89, marking an increase.

👉 Business Segments:
➡️ Google Search & Other: Revenue up to $46.16 billion, showing sustained strength.
➡️ YouTube Ads: Grew to $8.09 billion, highlighting robust ad demand.
➡️ Google Cloud: Sales increased to $9.57 billion, driven by ongoing expansion.

👉 Strategic Developments:
➡️ AI Integration: Consolidation of AI teams to accelerate innovation under Google DeepMind.

👉 Workforce and Efficiency:
➡️ Reduced severance and related charges reflecting efficient restructuring.

👉 Capital Returns:
➡️ Initiated dividend payments and authorized a $70 billion stock repurchase.

👉 CEO Statement:
"Strong Q1 performance showcases our momentum in AI, with pivotal advancements in Search, YouTube, and Cloud." - Sundar Pichai, CEO.