Alphabet First Quarter 2024 Earnings: Beats Expectations

Alphabet (NASDAQ:GOOGL) First Quarter 2024 Results

Key Financial Results

• Revenue: US$80.5b (up 15% from 1Q 2023).
• Net income: US$23.7b (up 57% from 1Q 2023).
• Profit margin: 29% (up from 22% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.91 (up from US$1.18 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphabet Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Alphabet's balance sheet and an in-depth analysis of the company's financial position.

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