Alphabet Q2 2024 Financial Report: Insights & Outlook
Uncover key insights and future prospects from Alphabet's Q2 2024 earnings
Earnings Q2 2024
(in $ millions, except per share data)
Revenues 84.742 (+14%)
Total cost and expenses 57.317 (52.766)
Income from operations 27.425 (21.838)
Operating margin 32% (29%)
Net income 23.619 (18.368)
Diluted earnings per share 1.89 (1.44)
Number of shares used in diluted earnings per share calculation 12.495 (12.764)
Cash and cash equivalents 27.225 (24.048)
Marketable securities 73.500 (86.868)
Accounts receivable 47.087 (47.964)
Property and equipment, net 151.155 (134.345)
Total assets 414.770 (402.392)
Long-term debt 13.238 (13.253)
Operating lease liabilities 11.708 (12.460)
Total stockholders’ equity 300.753 (283.379)
Depreciation of property and equipment 3.708 (2.824)
Stock-based compensation expense 5.865 (5.774)
Net cash provided by operating activities 26.640 (28.666)
Purchases of property and equipment 13.186 (6.888)
Purchases of marketable securities 22.327 (21.362)
Repurchases of stock 15.684 (14.969)
Dividends payments 2.466 (0)
Segment Results
Revenues
Google Services 73.928 (66.285)
Google Cloud 10.347 (8.031)
Other Bets 365 (285)
Hedging gains (losses) 102 (3)
Operating income
Google Services 29.674 (23.454)
Google Cloud 1.172 (395)
Other Bets -1.134 (-813)
Alphabet-level activities -2.287 (-1.198)
Revenues by Geography
United Sates 41.196 (35.073)
EMEA 24.683 (22.289)
APAC 13.823 (12.728)
Other Americas 4.938 (4.511)
Supplemental Information
Google Services
Google Search & other 48.509 (42.628)
Youtube ads 8.663 (7.665)
Google Network 7.444 (7.850)
Google advertising 64.616 (58.143)
Google subscriptions, platforms, and devices 9.312 (8.142)
Total TAC 13.387 (12.537)
Number of employees 179.582 (181.798)