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Alphabet (GOOG) 1Q16 Results: Solid Quarter, but EPS Misses

Executive Summary

  • Alphabet reported 1Q16 revenues of $20.3 billion, up 17.4% year over year. Non-GAAP EPS was $7.50, missing the consensus estimate of $7.96.
  • Google websites were the primary revenue growth driver, up 20.1%, but Google Network Members’ website revenue grew by only 3%.
  • Aggregate paid clicks increased by 29% year over year, and paid clicks on Google websites increased by 38% year over year alongside continuing decreases in cost per click.

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