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Google (GOOGL) Q1 2023 earnings results beat EPS & revenue expectations

Google (GOOGL) is out with its Q1 2023 earnings report, showing an earnings and revenue beat.

Donovan Erskine

April 25, 2023 1:31 PM

Reuters

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Google (GOOGL) has published its Q1 2023 earnings report, detailing the corporation's financial performance over the last few months. After a tumultuous start to 2023, which included widespread layoffs and spending cuts, Google beat on both EPS and revenue expectations.

Google’s (GOOGL) Q1 2023 earnings report was published after the markets closed. In the report, we see that Google made $69.8 billion in revenue, which beats Wall Street’s expectation of $68.9 billion. Google’s diluted earnings per share were $1.17 per share, which just narrowly clears the $1.15 expectation. CEO Sundar Pichai provided a statement on Q1 inside the report.

CFO Ruth Porat also gave a statement in the latest Google earnings report.

It's also worth noting that Google significantly cut back on spending this year, going as far as to force some employees to share desks.

Google is just one of many major companies sharing financial news this week, as Microsoft and Texas Instruments have also provided quarterly earnings results. Stick with Shacknews for all your financial news.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_