Summary
Alphabet Cl A Beats
Alphabet Cl A (GOOGL) reported 2nd Quarter June 2023 earnings of $1.44 per share on revenue of $74.6 billion. The consensus earnings estimate was $1.32 per share on revenue of $72.8 billion. The Earnings Whisper number was $1.38 per share. Revenue grew 7.1% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Results
Reported Earnings
$1.44
Earnings Whisper
$1.38
Consensus Estimate
$1.32
Reported Revenue
$74.60 Bil
Revenue Estimate
$72.77 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Alphabet Announces Second Quarter 2023 Results
Announces Plans for Chief Financial Officer Transition and Appointment of President and Chief Investment Officer
MOUNTAIN VIEW, Calif. – July 25, 2023 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2023.
Sundar Pichai, CEO of Alphabet and Google, said: “There’s exciting momentum across our products and the company, which drove strong results this quarter. Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services. With fifteen products that each serve half a billion people, and six that serve over two billion each, we have so many opportunities to deliver on our mission.”
Ruth Porat, CFO of Alphabet and Google, said: “Our financial results reflect continued resilience in Search, with an acceleration of revenue growth in both Search and YouTube, as well as momentum in Cloud. We continue investing for growth, while prioritizing our efforts to durably reengineer our cost base company-wide and create capacity to deliver sustainable value for the long term.”
For the full earnings release, please go here.
