Alphabet reports revenue of $41.2B, up 13% YoY, net income of $6.8B, up from $6.7B YoY, Other Bets operating loss grew to $1.1B; headcount grew to 123K, up ~20K
MOUNTAIN VIEW, Calif. - April 28, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2020.
Alphabet
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Discussion
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@lamonicabuzz
Paul R. La Monica
on x
No huge surprise here. But $GOOGL CFO Ruth Porat noted that “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues.” https://abc.xyz/...
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@dadaben_
Benjamin Dada
on x
SYSK: Google's parent company, Alphabet Inc's earnings for Q1 2020 are in. While Revenue went up by a surprising 2.34%, from an expected $40.22 Bn. Their EPS (Earnings-Per-Share) was down by 8.29% to $9.87. The stock price (NASDAQ:GOOGL) settled at $1,232.59 SYSK means:
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@ryan_browne_
Ryan Browne
on x
Google again breaks out YouTube ad revenue: $4.04 billion, up 33% yoy https://www.cnbc.com/... @jenn_elias @jordannovet
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@cnbcnow
@cnbcnow
on x
EARNINGS: Alphabet Q1 EPS $9.87 vs. $10.33 Est.; Q1 Revs. $41.16B vs. $40.29B Est. • $GOOGL https://www.cnbc.com/... https://twitter.com/...
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@srussolillo
Steven Russolillo
on x
This is pretty stunning: Google's revenue has risen in every quarter of its history. via @realrobcopeland https://www.wsj.com/...
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@jenn_elias
Jennifer Elias
on x
Update: Alphabet stock is climbing beyond 7% as its ad slowdown turns out to be less than feared. Porat sounds cautiously optimistic that a sharp March drop in ad revenue is starting to modify and Wall Street is biting. https://www.cnbc.com/...
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@megancgraham
Meg Graham
on x
Google said in March it saw “a significant slowdown in ad revenues” after strong first two months of Q1. - YouTube's ad rev for Q1 '20 was $4.04B, up from $3.03B in Q1 '19. - Google's q1 ad revenue was $33.8B, up from $30.6B y/o/y https://www.cnbc.com/...
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@jaypeters
Jay Peters
on x
Alphabet's Q1 earnings are out. The company experienced “a significant slowdown in ad revenues” in March. Seems like Q2 could be an even harder hit, given the pandemic. https://www.theverge.com/...
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@dee_bosa
Deirdre Bosa
on x
Alphabet CFO Ruth Porat tells me that Q1 was a “tale of two quarters.” First 2 months were strong, saw ad sales decline in March, reflecting the global econ Also: - cost cutting measures don't apply to cloud. Investment, hiring continues here - buyback program in tact $GOOGL
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@mhbergen
Mark Bergen
on x
$goog beats Wall St. expectations on sales, but Ruth Porat sounds warning: “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues.”
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@alcardenasfl_dc
Al Cardenas
on x
Google is One of largest companies in America. Private sector will set the real timelines for recovery. Smaller companies will likely take greater risks in order to survive economically. Others, like Google with strong reserves and resources will be more risk adverse. https://twi…
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@xpangler
Todd Spangler
on x
Alphabet CFO Ruth Porat said overall performance was strong in January and February, “but then in March we experienced a significant slowdown in ad revenues.” https://variety.com/...
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@jamesvgrimaldi
@jamesvgrimaldi
on x
Making money during the pandemic: Google-parent Alphabet reports $41 billion (a 13% rise) in first-quarter revenue. https://www.wsj.com/...
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@aishaalmuslim
@aishaalmuslim
on x
Google's parent posted a sustained rise in revenue in the first quarter, suggesting that Big Tech might weather the coronavirus pandemic better than others in the corporate world. https://www.wsj.com/...
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@carnage4life
Dare Obasanjo
on x
The idea that a bad quarter for Google means they ONLY grew revenues 13% year over year due to #COVID19 is a mind blowing statistic around how much headroom there still was in online advertising until the lockdowns. https://www.wsj.com/...
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@glenngabe
Glenn Gabe
on x
Google Q1 Results: Revenue of $41.2B, up 13% YoY, net income of $6.8B, up from $6.7B YoY, Other Bets operating loss grew to $1.1B “Performance was strong during the first 2 months, but then in March we experienced a significant slowdown in ad revenues.” https://9to5google.com/...…
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@wsj
@wsj
on x
Google parent Alphabet posted a 13% rise in revenue, showing tech's resilience amid the pandemic and sending shares higher in late trading https://www.wsj.com/...
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@mdudas
Mike Dudas
on x
It's Big Tech's world, and we're just daily active using it https://www.wsj.com/...