Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results from mma results 241 Watch Video

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✓ Published: 27-Apr-2024

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Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion. EPS was $1.89 versus estimates of $1.51. YouTube and Cloud revenues also beat estimates, with YouTube at over $8 billion and Cloud at over $9 billion. Google announced a $70 billion stock buyback program. Google stock jumped over 13% in after-hours trading on the strong results.