Exhibit 99.1

Alphabet Announces First Quarter 2019 Results
MOUNTAIN VIEW, Calif. – April 29, 2019 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2019.
"We delivered robust growth led by mobile search, YouTube, and Cloud with Alphabet revenues of $36.3 billion, up 17% versus last year, or 19% on a constant currency basis," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "We remain focused on, and excited by, the significant growth opportunities across our businesses."
Q1 2019 financial highlights
The table below provides summary data to facilitate comparison of current quarter performance to prior period given the announcement on March 20, 2019 by the European Commission (EC) of its decision that certain contractual provisions in agreements that Google had with AdSense for Search partners infringed European competition law and the associated €1.5 billion ($1.7 billion as of March 31, 2019) fine.
Q1 2019 summary results
 
Including Fine
(GAAP)

 
Excluding Fine

Revenues

$36,339

 

$36,339

Operating income

$6,608

 

$8,305

Operating margin
18
%
 
23
%
Net income

$6,657

 

$8,339

Diluted EPS

$9.50

 

$11.90

The following summarizes our consolidated financial results for the quarters ended March 31, 2018 and 2019 (in millions, except for per share information, percentages, and number of employees; unaudited), reported on a GAAP basis including the effect of the EC fine:
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2019
Revenues

$31,146

 

$36,339

Increase in revenues year over year
26
%
 
17
%
Increase in constant currency revenues year over year
23
%
 
19
%
 
 
 
 
Operating income

$7,633

 

$6,608

Operating margin
25
%
 
18
%
 
 
 
 
Other income (expense), net

$2,910

 

$1,538

 
 
 
 
Net income

$9,401

 

$6,657

Diluted EPS

$13.33

 

$9.50

Diluted shares (in thousands)
705,134

 
700,879

 
 
 
 
Effective tax rate
11
%
 
18
%
Number of employees
85,050

 
103,459



The following information was filed by Alphabet Inc. (GOOGL) on Monday, April 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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