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Alphabet logoAlphabet GOOG

The company said revenue for Q1 2024 (ended March 31) was $80,539 million, up 15% from $69,787 million a year earlier. It said operating income was $25,472 million, operating margin was 32%, and diluted earnings per share were $1.89.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q1 2024 (ended March 31) was $80,539 million, up 15% from $69,787 million a year earlier. It said operating income was $25,472 million, operating margin was 32%, and diluted earnings per share were $1.89.

  2. Alphabet said its Board of Directors on April 25, 2024 approved the start of a cash dividend program and declared a dividend of $0.20 per share on each of the Class A, Class B, and Class C shares. It also authorized the repurchase of up to an additional $70.0 billion of Class A and Class C shares.

  3. The company reported net cash provided by operating activities of $28,848 million for Q1 2024 and free cash flow of $16,836 million, after deducting purchases of property and equipment of $12,012 million.

  4. The company reported operating income for Q1 2024 of $27,897 million for Google Services and $900 million for Google Cloud, and an operating loss of $(1,020) million for Other Bets. It said employee severance and related charges were $716 million, a decrease of $1.3 billion from the prior-year period.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Alphabet Reports Q1 2024 Revenue, Operating Income and Net Income

The company said revenue for Q1 2024 (ended March 31) was $80,539 million, up 15% from $69,787 million a year earlier. It said operating income was $25,472 million, operating margin was 32%, and diluted earnings per share were $1.89.

Source · Based on the filing body and exhibits

Dividend Program Launch and Additional Share Repurchase Authorization

Alphabet said its Board of Directors on April 25, 2024 approved the start of a cash dividend program and declared a dividend of $0.20 per share on each of the Class A, Class B, and Class C shares. It also authorized the repurchase of up to an additional $70.0 billion of Class A and Class C shares.

Source · Based on the filing body and exhibits

Operating Cash Flow and Free Cash Flow for Q1

The company reported net cash provided by operating activities of $28,848 million for Q1 2024 and free cash flow of $16,836 million, after deducting purchases of property and equipment of $12,012 million.

Source · Based on the filing body and exhibits

Segment Operating Income and Employee Severance Charges

The company reported operating income for Q1 2024 of $27,897 million for Google Services and $900 million for Google Cloud, and an operating loss of $(1,020) million for Other Bets. It said employee severance and related charges were $716 million, a decrease of $1.3 billion from the prior-year period.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.