Recap: Alphabet Q1 Earnings

Shares of Alphabet GOOGL increased after the company reported Q1 results.

Quarterly Results

Earnings per share increased 166.36% year over year to $26.29, which beat the estimate of $15.82.

Revenue of $55,314,000,000 higher by 34.39% year over year, which beat the estimate of $51,700,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Apr 27, 2021

Time: 05:00 PM

ET Webcast URL: https://www.youtube.com/watch?v=B4VgDDlOaEc

Recent Stock Performance

52-week high: $2324.53

Company's 52-week low was at $1230.38

Price action over last quarter: Up 11.37%

Company Profile

Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss.