April 25, 2025 - $Alphabet-A (GOOGL.US)$$Alphabet-C (GOOG.US)$ Alphabet Inc's shares increased by over 11%, reaching approximately $175 in post-market trading on Thursday.
On April 25, 2024, Alphabet announced results for its first quater of 2024. Revenue and EPS beat expectations. Google parent Alphabet said its first-quarter revenue increased 15% year-over-year to $80.539 billion, beating the consensus estimate of $78.594 billion. The company reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.51 per share.
First Quarter 2024 Financial Highlights
Additional Information
The company also announced the initiation of a cash dividend program, declaring a dividend of $0.20 per share to be paid on June 17, 2024, to shareholders of record as of June 10, 2024. Alphabet noted that it plans to pay quarterly cash dividends moving forward.
Additionally, Alphabet's Board of Directors authorized a stock repurchase program of up to $70.0 billion of its Class A and Class C shares.
"Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there's great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation," said Sundar Pichai, CEO of Alphabet.