(Reuters) — Google parent Alphabet on Tuesday reported record revenue for the second straight quarter despite the pandemic, driving shares up 6% as it topped estimates for both advertising and Cloud sales as customers unleashed budgets for the holidays. Cutbacks by travel and entertainment advertisers in 2020 were nearly made up as the year went […]
Home »
Alphabet reports $41.2 billion in Q1 2020 revenue: Google Cloud up 52%, YouTube up 33%, and Other Bets down 21%
Google parent company Alphabet today reported earnings for its first fiscal quarter of 2020, including revenue of $41.2 billion, net income of $6.8 billion, and earnings per share of $9.87 (compared to revenue of $36.3 billion, net income of $8.3 billion, and earnings per share of $11.90 in Q1 2019). Given the global pandemic’s impact […]