Alphabet Crushes Q1 Estimates as Google Cloud Surges 63%
Alphabet posted $109.9B in Q1 revenue, beating estimates across the board with Google Cloud leading the charge.
Alphabet just dropped a monster Q1 earnings report. Revenue hit $109.9 billion, up 22% year-over-year and comfortably ahead of the $107.2 billion estimate. Not bad for a company some thought was losing its edge.
The real star? Google Cloud. That division raked in $20 billion in revenue — a staggering 63% jump that blew past the $18.05 billion estimate by nearly $2 billion. Cloud is no longer just a side hustle for the search giant.
Net income exploded 81% to $62.58 billion. Read that again. Eighty-one percent growth on the bottom line.
The numbers paint a clear picture: Alphabet's cloud bet is paying off in a big way, and the broader business is firing on all cylinders. Expect the stock to react accordingly.