Sector: Communication Services|Industry: Internet Content & Information|Market Cap: $2.11T|Employees: 182.5K
Alphabet is a multinational technology conglomerate holding company that generates revenue primarily through advertising, cloud services, and other products and services. The company holds a dominant market position in online search and advertising, leveraging its extensive user base and advanced AI capabilities for targeted advertising and personalized user experiences. Alphabet's key markets include North America, Europe, and Asia-Pacific, with a growing presence in emerging markets.
Total revenue reached $84.7B, a 14% YoY increase, driven primarily by growth in Google Services and Google Cloud. This surpasses analyst expectations and demonstrates continued market leadership.
Operating income grew to $27.4B in Q2 2024, up 26% YoY, resulting in an improved operating margin of 32%. This reflects effective cost management and operating leverage.
Diluted EPS reached $1.89, a significant increase from $1.44 in Q2 2023. This strong earnings growth reflects both top-line expansion and improved profitability.