Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE

Google beats earnings, stock up 4%

Google's parent company Alphabet beat earnings expectations on the top and bottom line for the first quarter. The stock was up more than 4% in after-hours trading.

Advertisement

Let's go over the numbers, which Alphabet reported Thursday.

Here are the results versus Wall Street's expectations (via Bloomberg):

-EPS, GAAP: $7.73 vs. $7.41 expected 

-Revenue: $24.75 billion versus $24.17 billion expected, up 22% from the year-ago quarter.

Advertisement

The aggregate cost-per-click was down 19% year over year. That's the biggest decline since at least 2014.

Another important number in the report: Other Bets. These are the other Alphabet companies outside of Google, like Waymo, Nest, X, and Verily. Alphabet lumps results for these companies together.

Other bets generated $244 million in revenue with an $855 million operating loss. Other Bets generated $165 million in revenue with a $774 million operating loss in the year-ago quarter.

Alphabet's stock has been on a big run in recent weeks, reaching all-time highs. It closed at $874.25 Thursday.

On February 28, Axel Springer, Business Insider's parent company, joined 31 other media groups and filed a $2.3 billion suit against Google in Dutch court, alleging losses suffered due to the company's advertising practices.

Alphabet Google Earnings
Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Jump to

  1. Main content
  2. Search
  3. Account