The company said revenue for the quarter ended June 30, 2024 was $84.7 billion, up 14% from a year earlier. Google Services revenue rose $7.6 billion (12%) and Google Cloud revenue rose $2.3 billion (29%).

1. 01

   The company said revenue for the quarter ended June 30, 2024 was $84.7 billion, up 14% from a year earlier. Google Services revenue rose $7.6 billion (12%) and Google Cloud revenue rose $2.3 billion (29%).

2. 02

   Alphabet said cost of revenues for the quarter was $35.5 billion, up 11% from a year earlier, and operating expenses were $21.8 billion, up 5%. The company cited content acquisition costs, TAC, depreciation expense, and the Canadian digital services tax as factors behind the increase in cost of revenues.

3. 03

   The company said it paid a total of $2.5 billion in dividends on its Class A, Class B, and Class C shares for the quarter ended June 30, 2024, and spent a total of $15.6 billion repurchasing Class A and Class C shares.

4. 04

   The company said operating cash flow for the quarter ended June 30, 2024 was $26.6 billion, and capital expenditures, which primarily reflected investments in technical infrastructure, were $13.2 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$84.7B

Operating income

$27.4B

Net income

$23.6B

EPS

$1.89

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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