Alphabet reports 12% revenue growth in Q1 as AI initiatives and legacy business drive performance

Alphabet's Q1 revenue surged by 12% year over year, reaching $90 billion, driven by strong AI investments and ads on Google and YouTube growing by 10%. The company's focus on AI-related revenue is set to grow at a remarkable 45% CAGR over the next five years.

Sources:
Finance
Updated 10m ago
Section 1 background
Alphabet's Q1 revenue growth percentage
12%
Finance
Alphabet's Q1 revenue
$90 billion
Finance
Projected AI-related revenue growth
45%
1
TSMC's investment in facility
$65 billion
Finance
Additional investment in Arizona
$100 billion
Finance
Growth percentage of Google Search and YouTube ads
10%
Finance
Key Facts
  • Alphabet's revenue rose 12% year over year to $90 billion, driven by AI initiatives and robust performance in the legacy business.2Finance
  • AI-related revenue is projected to grow at a 45% compound annual growth rate as Alphabet focuses on advanced technologies.1
  • TSMC built a $65 billion facility in Arizona, fully booked through 2027, further emphasizing the significance of AI chip production.2Finance
  • Additional investments of $100 billion are set for Arizona to expand production with more facilities and R&D centers.
  • Google Search and YouTube ads rose by 10% year over year, showcasing resilience amidst changing tech landscapes.Finance
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