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Benzinga
Benzinga
Business
Mohit Manghnani

Google Parent Alphabet Stock Tumbles After Rare Q1 EPS Miss, Huge Stock Buyback Program

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) reported Q1 revenue of $68.01 billion, up 23% year-over-year and 26% in constant currency terms. The consensus was $68 billion.

Google parent clocked $39.62 billion (+24.3% Y/Y) in revenue from the 'Google search and other' segment, $6.87 billion (+14.4% Y/Y) from YouTube ads, $8.17 billion (+20.2% Y/Y) from Google Network, totaling to $54.66 billion from Google advertising. 

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