Google 2024 Q2 income statement
Alphabet slipped 1% after-hours in spite of a beat on both top and bottom lines in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue at its Youtube advertising segment missed forecasts.
Alphabet Q2 FY24
• Revenue +14% Y/Y to $84.7B ($0.5B beat).
• Operating margin 32% (+3pp Y/Y).
• EPS $1.89 ($0.04 beat).
Google Cloud:
• Revenue +29% Y/Y to $10.3B.
• Operating margin 11% (+6pp Y/Y).
YouTube ads +13% to $8.7B.
Alphabet Q2 FY24
• Revenue +14% Y/Y to $84.7B ($0.5B beat).
• Operating margin 32% (+3pp Y/Y).
• EPS $1.89 ($0.04 beat).
Google Cloud:
• Revenue +29% Y/Y to $10.3B.
• Operating margin 11% (+6pp Y/Y).
YouTube ads +13% to $8.7B.
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