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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
17% versus last year, or 19% on a constant currency basis," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "We remain focused on, and excited by, the significant growth opportunities across our businesses."
Q1 2019 financial highlights

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.

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