Alphabet Q1 Earnings Beat - Revenue Light
April 30, 2019
Alphabet reported financial results for the quarter ended March 31, 2019. The internet giant noted earnings per share of $11.90 per share, ex-items with only $10.61 sought by investors. But, the firm reported light revenue of $36.34 billion with $37.33 billion expected. On the traffic acquisition cost front, the firm notched $6.86 billion which was less than the. $7.26 billion that was anticipated.
"We delivered robust growth led by mobile
search, YouTube, and Cloud with Alphabet revenues of $36.3 billion, up
The table below provides summary data to facilitate comparison of current quarter performance to prior period given the announcement on March 20, 2019 by the European Commission (EC) of its decision that certain contractual provisions in agreements that Google had with AdSense for Search partners infringed European competition law and the associated €1.5 billion ($1.7 billion as of March 31, 2019) fine.