Alphabet earned $80.5 billion in the first quarter of 2024

By: Nastya Bobkova | 27.04.2024, 08:50

Google's parent company, Alphabet, announced a historic revenue record in the first quarter of 2024, earning $80.5 billion.

Here's What We Know

The report reflects a significant 15% increase in revenue, with net income of $23.66 billion.

The main sources of revenue were the search, YouTube and cloud services segments, which saw significant growth in the first quarter. YouTube's advertising revenue grew by 21% to $8.09 billion, while Google's cloud services revenue exceeded $9.57 billion.

Alphabet's shares jumped 14% after the report was released, reflecting market confidence in the company's high growth trajectory. The company also announced plans to pay a cash dividend of 20 cents per share and spend $70 billion on share buybacks.

Source: Android Police

About Site

Sections

Blockchain and cryptocurrencies

Gaming

Most Interesting

UK PL DA ES IT DE NL NB FR SV

AFFILIATE DISCLOSURE Some posts may contain affiliate links. Gagadget.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

var _merchantSettings=_merchantSettings || []; _merchantSettings.push(['AT', '10lpuJ']); (function(){var autolink=document.createElement('script');autolink.type='text/javascript';autolink.async=true; autolink.src= ('https:' == document.location.protocol) ? 'https://autolinkmaker.itunes.apple.com/js/itunes_autolinkmaker.js' : 'http://autolinkmaker.itunes.apple.com/js/itunes_autolinkmaker.js';var s=document.getElementsByTagName('script')[0];s.parentNode.insertBefore(autolink, s);})();

(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-KDNH3DF');