- Total Revenue: $84.74 billion, matching estimates of $84.37 billion.
- Google Advertising Revenue: $64.62 billion, slightly above the estimate of $64.53 billion.
- YouTube Ads Revenue: $8.66 billion, below the estimate of $8.95 billion.
- Google Search & Other Revenue: $48.51 billion, surpassing the estimate of $47.65 billion.
- Google Network Revenue: $7.44 billion, falling short of the estimate of $7.87 billion.
- Google Subscriptions, Platforms, and Devices Revenue: $9.31 billion, just below the estimate of $9.38 billion.
- Google Services Revenue: $73.93 billion, exceeding the estimate of $73.58 billion.
- Google Cloud Revenue: $10.35 billion, outperforming the estimate of $10.09 billion.
- Other Bets Revenue: $365 million, below the estimate of $389.6 million.
- Earnings Per Share (EPS): $1.89, higher than the estimate of $1.84.
- Operating Income: $27.43 billion, surpassing the estimate of $26.37 billion.
- Google Services Operating Income: $29.67 billion, above the estimate of $28.13 billion.
- Google Cloud Operating Income: $1.17 billion, exceeding the estimate of $982.2 million.
- Other Bets Operating Loss: $1.13 billion, larger than the estimated loss of $1.07 billion.
- Operating Margin: 32%, slightly higher than the estimate of 31.8%.
- Capital Expenditure: $13.19 billion, higher than the estimate of $12.23 billion.
- Number of Employees: 179,582.
- Analyst Ratings: 55 buys, 12 holds, 0 sells.
Alphabet on Smartkarma
Analyst coverage of Alphabet on Smartkarma has been positive, with Baptista Research providing insights into the tech giant’s strategic moves and financial performance. In a report titled “Alphabet’s $23 Billion Bet On Wiz: What It Means for the Future of Google Cloud,” the research points towards Alphabet’s potential acquisition of cloud-based cybersecurity firm Wiz as a significant step to enhance its cybersecurity capabilities and Google Cloud services. This move is seen as strengthening Alphabet’s market position in cybersecurity and offering more integrated services to its cloud customers.
Another report from Baptista Research, “Alphabet Inc.: Are Its AI-Powered Business Strategies Just Not Good Enough? – Major Drivers,” highlights Alphabet’s strong first-quarter performance in 2024, driven by the success of its search engine, YouTube, and cloud businesses. The company’s robust growth is evidenced by its annual revenue surpassing $300 billion, with projections indicating that YouTube and Cloud could reach a combined annual run rate exceeding $100 billion by the end of 2024. These positive indicators showcase Alphabet’s potential for continued success and innovation in the tech industry.
A look at Alphabet Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the Smartkarma Smart Scores for Alphabet, the company is positioned with a solid outlook for the long term. With a Growth score of 4 and a Resilience score of 4, Alphabet shows strong potential for expanding its market presence and overcoming challenges. Additionally, boasting a Momentum score of 5, Alphabet demonstrates a strong upward trend in its business activities, indicating positive market sentiment and investor interest. Although the Value and Dividend scores are not as high, the overall outlook for Alphabet appears optimistic, especially considering its diverse range of offerings spanning from web-based services to hardware products.
Alphabet Inc., a holding company offering a wide array of technological services and products through its subsidiaries, stands poised for growth and resilience in the long term. The company’s focus on innovation and its ability to adapt to changing market conditions have helped it earn favorable scores in Growth, Resilience, and Momentum. With its extensive portfolio encompassing web search, advertisements, mobile operating systems, and hardware, Alphabet remains on a path of steady advancement and potential opportunities for future expansion, as reflected by its positive Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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