Exhibit 99.1
Alphabet Announces Second Quarter 2021 Results
MOUNTAIN VIEW, Calif. – July 27, 2021 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2021.
Sundar Pichai, CEO of Google and Alphabet, said: “In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience.”
“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” said Ruth Porat, CFO of Google and Alphabet.
Q2 2021 financial highlights
The following table summarizes our consolidated financial results for the quarters ended June 30, 2020 and 2021 (in millions, except for per share information and percentages; unaudited).
Quarter Ended June 30,
20202021
Revenues$38,297 $61,880 
Change in revenues year over year(2)%62 %
Change in constant currency revenues year over year(1)
%57 %
Operating income$6,383 $19,361 
Operating margin17 %31 %
Other income (expense), net
$1,894 $2,624 
Net income$6,959 $18,525 
Diluted EPS$10.13 $27.26 
(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 Tuesday, July 27, 2021 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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