Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Alphabet Inc.
Ticker: GOOGL CIK: 1652044

Exhibit 99.1

Alphabet Announces Second Quarter 2020 Results

MOUNTAIN VIEW, Calif. – July 30, 2020 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.

“We’re working to help people, businesses and communities in these uncertain times,” said Sundar Pichai, Chief Executive Officer of Google and Alphabet. “As people increasingly turn to online services, our platforms — from Cloud to Google Play to YouTube — are helping our partners provide important services and support their businesses.”

“In the second quarter our total revenues were $38.3B, driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “We continue to navigate through a difficult global economic environment.”

Q2 2020 financial highlights

The following table summarizes our consolidated financial results for the quarters ended June 30, 2019 and 2020 (in millions, except for per share information and percentages; unaudited).


	Quarter Ended June 30,
	2019		2020
Revenues	$38,944		$38,297
Increase (decrease) in revenues year over year	19	%	(2)	%
Increase (decrease) in constant currency revenues year over year⁽¹⁾	22	%	0	%


Operating income	$9,180		$6,383
Operating margin	24	%	17	%



Other income (expense), net	$2,967		$1,894

Net income	$9,947		$6,959
Diluted EPS	$14.21		$10.13

⁽¹⁾ Non-GAAP measure. See the table captioned “Reconciliation from GAAP revenues to non-GAAP constant currency revenues” for more details.

The following information was filed by Alphabet Inc. (GOOGL) on Thursday, July 30, 2020 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.

View differences made from one quarter to another to evaluate Alphabet Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Alphabet Inc..

Continue

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1652044/000165204420000032/goog-20200630.htm