Google Alphabet Q1 2023 Results Revenues Up 3pct to $69.7 bln

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Alphabet has just published its Q1, 2023 results, and its revenues were up 3% to 69.787 billion, Y-on-Y.

Search ads generated $40.359 billion (up from $39.618 bln), with YouTube ads $6.693 billion (down from $6.869 bln) Y-on-Y.

Sundar Pichai, CEO of Alphabet and Google, said: “We are pleased with our business performance in the first
quarter, with Search performing well and momentum in Cloud. We introduced important product updates anchored
in deep computer science and AI. Our North Star is providing the most helpful answers for our users, and we see
huge opportunities ahead, continuing our long track record of innovation.”
Ruth Porat, CFO of Alphabet and Google, said: “Resilience in Search and momentum in Cloud resulted in Q1
consolidated revenues of $69.8 billion, up 3% year over year, or up 6% in constant currency. We remain committed
to delivering long-term growth and creating capacity to invest in our most compelling growth areas by re-engineering
our cost base.”

Alphabet Q1, 2023 results (PDF) [abc.xyz...]

Alphabet Q4 2022 Revenues $76 billion, Up 1pct Y-o-Y [webmasterworld.com]
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