Alphabet Q1 2020 revenues up 13%

Alphabet first quarter 2020 revenues reached $41.2 billion, up 13% versus last year or 15% on a constant currency basis.

“Our business, led by Search, YouTube, and Cloud, drove Alphabet revenues to $41.2 billion, up 13% versus last year, or 15% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google.

“Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities,” added Porat.

“Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time,” said Sundar Pichai, Chief Executive Officer, Alphabet and Google.

“People, are relying on Google’s services more than ever and we’ve marshalled our resources and product development in this urgent moment,” added Pichai.

In terms of revenue breakup, Search contributed $24.5 billion, Youtube ads contributed $4.04 billion, Google Network Properties contributed $5.22 billion, Google Cloud contributed $2.78 billion and others contributed $4.44 billion.