Google recently released its latest earnings data, which is crucial for investors and analysts, especially in the rapid development of AI, Google as one of the AI giants, its earnings data is an important indicator worthy of reference.。In the published earnings report, we can get an in-depth look at Google's business performance in each quarter and the company's overall financial position。Here's a brief analysis of Google's latest earnings。

Google Q1 Results Report 2024

Google's parent company Alphabet released its financial results for the quarter ended March 31, 2024 on Thursday (April 25).。According to the results, Alphabet's first-quarter performance was remarkable, with Q1 revenue reaching $80.5 billion, up 15% from analysts' expectations of $78.6 billion, the fastest growth rate since early 2022, and Google's fourth consecutive quarter of accelerated year-over-year growth.。

On the earnings front, Alphabet's first-quarter net profit was 236.$600 million, up 57% year-on-year, far exceeding expectations of $19.1 billion。Adjusted EPS 1.$89, sharply above analyst expectations of 1.$51, up 61.5%。

Specific to each business.。Revenue in the advertising business in the first quarter was $61.7 billion, up 13% year-over-year and above expectations of $60.4 billion.。Among them, the core search business recorded revenue of 461.$600 million, up 14%。YouTube ad revenue rose 21% to $8.1 billion, above expectations of $7.7 billion。

Google's Cloud Business Revenues 95 in Q1.$7.4 billion, higher than expected $9.4 billion, up 28% year-over-year。At the same time, the operating profit of Google's cloud business increased from 1 in the same period last year..$900 million more than quadrupled to $900 million, much to the surprise of the market。

The rapid development of Google's cloud business cannot be separated from the help of AI.。Chief Financial Officer Ruth Porat said on the conference call: "The benefits of AI to our customers underpin our growth across the cloud.。"

Please refer to the full earnings analysis: Google Q1 cloud business profit quadrupled!After-hours shares surge on announcement of first dividend

Google Q2 Results Report 2024

On July 23, US Eastern time, Google's parent company Alphabet announced its financial results for the quarter ended June 30, 2024, boosted by demand for cloud computing services and search engine advertising, with revenue and profit exceeding market expectations.。

Alphabet's Q2 Revenue 847.$4.2 billion, up from 746.$04 billion YoY up 13.59%; Adjusted EPS of 1.$89, more than 1 per analyst share.$85 expected; dividend per share 0.$20 to be paid on September 16。

Sundar Pichai, CEO of Alphabet, said: "The strong performance of the quarter shows that the search business continues to maintain strong momentum, the cloud computing business has made great progress, and we are innovating at every level of the AI stack.。Our long-term infrastructure leadership and in-house research team enable us to take advantage of technology development and pursue future opportunities.。"

Ruth Porat, President and Chief Investment Officer and Chief Financial Officer of Alphabet, stated that the company will continue to restructure its cost base to enhance its investment capabilities to meet the future pursuit of high growth opportunities.。"

Google shares rose more than 2% at one point after the earnings report, then fell more than 2%。Google shares have risen more than 30% this year。As of Tuesday's close, Alphabet's market capitalization was close to 2.$3 trillion, making it the fourth largest company in the world after Apple, Microsoft and Nvidia。

By business, advertising and cloud are Google's two cores, driven by Google's second-quarter operating profit of $1 billion for the first time.。

During the earnings period, Google segment advertising revenue 646.$1.6 billion, up 11.13%, with revenue accounting for about three-quarters of second-quarter revenue;.$0.9 billion, up 13.80%。However, YouTube advertising revenue 86.$6.3 billion, up 13.02%, but below market expectations of 89.$3 billion。

In the cloud business, Google's cloud business quarterly revenue exceeded $10 billion for the first time, from 80% in the same period last year..$3.1 billion up to 103.$4.7 billion, up 28.84 percentage points。

Please refer to the full financial report analysis: Google Q2 revenue profit is more than expected advertising business growth slowdown.