tl;dr
- Revenues: $85 billion, up 14% year-on-year.Driven by Search and Cloud services.Cloud services reached over $10 billion in quarterly revenues with an operating profit of $1 billion for the first time.
- Driven by Search and Cloud services.
- Cloud services reached over $10 billion in quarterly revenues with an operating profit of $1 billion for the first time.
- Operating Income: $27.4 billion, up from $21.8 billion in Q2 '23.
- Operating Margin: Increased to 32% from 29%.
- Net Income: $23.6 billion, up from $18.4 billion in Q2 '23.
- Diluted EPS: $1.89, up from $1.44 in Q2 '23
Segment Revenue and Operating Results:
- Google Services:
Revenue: $73.9 billion (up from $66.3 billion in Q2 '23)
Operating Income: $29.7 billion (up from $23.5 billion) - Revenue: $73.9 billion (up from $66.3 billion in Q2 '23)
- Operating Income: $29.7 billion (up from $23.5 billion)
- Google Cloud:
Revenue: $10.3 billion (up from $8 billion in Q2 '23)
Operating Income: $1.2 billion (up from $395 million) - Revenue: $10.3 billion (up from $8 billion in Q2 '23)
- Operating Income: $1.2 billion (up from $395 million)
- Other Bets:
Revenue: $365 million (up from $285 million)
Operating Loss: $1.1 billion (worsened from $813 million) - Revenue: $365 million (up from $285 million)
- Operating Loss: $1.1 billion (worsened from $813 million)
- Total TAC (Traffic Acquisition Costs): $13.4 billion.
- Number of Employees: Decreased to 179,582 from 181,798 in Q2 2023.
- Dividend Program: Totaling $2.5 billion, with an announced cash dividend of $0.20 per share payable on September 16, 2024.
Consolidated Financial Position (as of June 30, 2024):
- Total Assets: $414.8 billion.
- Total Liabilities: $114 billion.
- Total Stockholders' Equity: $300.8 billion.
Consolidated Cash Flows (Year to Date June 30, 2024):
- Net Cash Provided by Operating Activities: $55.5 bllion.
- Net Cash Used in Investing Activities: $11.3 billion.
- Net Cash Used in Financing Activities: $40.6 billion.