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,
20192020
Revenues$38,944  $38,297  
Increase (decrease) in revenues year over year19 %(2)%
Increase (decrease) in constant currency revenues year over year(1)
22 %%
Operating income$9,180  $6,383  
Operating margin24 %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.

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