From Nasdaq: 2024-04-25 19:30:13

Alphabet (NASDAQ: GOOGL) reported strong performance in Q1 2024, led by Search, YouTube, and Cloud. CEO Sundar Pichai highlighted momentum and strategy in AI and search, expecting YouTube and Cloud to reach a combined annual run rate of over $100 billion by the end of 2024. The company is focused on innovation, infrastructure, and global product expansion to drive growth.

Alphabet emphasized its research and infrastructure leadership in AI, with AI models like Gemini 1.5 Pro showing significant performance enhancements. The company’s custom TPUs, now in their fifth generation, power ambitious AI projects, fueling innovation in Cloud and Search. With AI innovations in Search, gen AI features are being introduced to improve the user experience and increase search usage.

The company’s global product footprint spans over 6 products with more than 2 billion monthly users and operations in 100+ countries. Alphabet continues to simplify structures and improve execution velocity by unifying teams to move faster and deliver high-quality products and experiences. Efforts to durably reengineer the cost base have improved operating margins and efficiency.



Read more at Nasdaq: Alphabet (GOOGL) Q1 2025 Earnings Call Transcript