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Alphabet reports $41.2 billion in Q1 2020 revenue: Google Cloud up 52%, YouTube up 33%, and Other Bets down 21%

Google parent company Alphabet today reported earnings for its first fiscal quarter of 2020, including revenue of $41.2 billion, net income of $6.8 billion, and earnings per share of $9.87 (compared to revenue of $36.3 billion, net income of $8.3 billion, and earnings per share of $11.90 in Q1 2019). At $33.8 billion, Google advertising made up 82% of Alphabet’s total revenue for the quarter. Given the global pandemic’s impact on advertising, many are poring over Alphabet’s numbers to see how bad the damage is — but as this quarter…

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