Alphabet Q1 Earnings Highlights: Google Search, YouTube, Cloud Show 'Robust Momentum'

Tech giant and Magnificent Seven member Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter financial results after market close Thursday.

Here are the highlights.

What Happened: Alphabet reported first-quarter revenue of $90.23 billion, up 12% year-over-year. The revenue total beat a Street consensus estimate of $89.2 billion, according to data from Benzinga Pro.

The company reported earnings per share of $2.81, beating a Street consensus estimate of $2.01.

Revenue was broken down as follows in the first quarter, with the prior year's total in parentheses:

• Google Search: $50.7 billion ($46.2 billion)
• YouTube ads: $8.9 billion ($8.1 billion)
• Google Network: $7.3 billion ($7.4 billion)
• Total Google Advertising: $66.9 billion ($61.7 billion)

The company’s Google subscriptions, platforms and devices revenue was $10.4 billion compared to $8.7 billion in last year’s first quarter.

Adding those items together makes up Google Services, which had revenue of $74.3 billion, up from $70.4 billion in the first quarter of last year.

Google Cloud revenue was $12.3 billion compared to $9.6 billion in last year’s first quarter, up 28% year-over-year. Cloud revenue was also up from $12.0 billion reported in the fourth quarter.

Read Also: Alphabet Q1 Earnings Preview: Google Parent Stock At ‘Fork In The Road,’ While Antitrust Concerns Remain

The company said it saw "robust momentum" across its business lines, highlighting strength in Google Search, YouTube, subscriptions and Google Cloud.

"We're pleased with our strong Q1 results, which reflect healthy growth and momentum across the business," Alphabet CEO Sundar Pichai said.

Pichai said the roll out of the Gemini 2.5 AI model is helping with "breakthroughs in performance" and will lead to future innovation.

"Underpinning this growth is our unique full stack approach to AI."

The Alphabet CEO said Google Search saw strong growth, which was boosted by increased engagement from AI features.

The company ended the first quarter with over 270 million paid subscriptions.

Alphabet announced a 5% increase to the dividend with the quarterly payout going to 21 cents per share.

The company also announced the Board of Directions authorized a $70 billion share repurchase plan on April 23.

GOOGL Price Action: Alphabet stock is up 3.3% to $164.46 in after-hours trading Thursday versus a 52-week trading range of $140.53 to $207.05.

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