Alphabet Q3 revenue $76.7B (+11% YoY), EPS $1.55; Cloud turns profitable; board member Mather resigns

Alphabet Inc.

2023-Q3 EPS reported $4.16 revenue$221,084,000,000

Revenue $76,693M (+11% YoY), operating income $21,343M (28% margin), net income $19,689M, diluted EPS $1.55.
Google Cloud operating income $266M vs. $(440M) YoY, first profitable quarter.
Google Services operating income $23,937M (+27% YoY) driven by Search & YouTube ad growth.
Board member Ann Mather resigns effective Oct 31; Robin L. Washington and Roger W. Ferguson Jr. join Audit Committee.
Workforce reduction charges $2.1B YTD; server useful life change reduced depreciation $977M in Q3.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Ann Mather

member of the Board

GOOGL · Alphabet Inc.

Effective: 2023-10-31
Filed: October 24, 2023, 7:59 PM ET

On October 18, 2023, Ann Mather informed the Board of Directors of Alphabet (the “ Board ”) that she will be resigning as a member of the Board and its Audit and Compliance Committee (the “ Audit Committee ”), effective October 31, 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alphabet Inc. reported the quarter ended September 30, 2023 results: revenue $76,693 million, net income $19,689 million, EPS $1.55.

Period: the quarter ended September 30, 2023
Revenue: $76,693 million
Net income: $19,689 million
EPS: $1.55
Result: reported results

Exact text from the filing

exciting progress and lots more to come.” Ruth Porat, President and Chief Investment Officer; CFO said: “The fundamental strength of our business was apparent again in Q3, with $77 billion in revenue, up 11% year over year, driven by meaningful growth in Search and YouTube, and momentum in Cloud. We continue to focus on judicious capital allocation to deliver

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ann Mather departed as member of the Board at Alphabet Inc..

Action: resigning
Role: member of the Board

Exact text from the filing

On October 18, 2023, Ann Mather informed the Board of Directors of Alphabet (the “ Board ”) that she will be resigning as a member of the Board and its Audit and Compliance Committee (the “ Audit Committee ”), effective October 31, 2023.

View on SEC.gov

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Alphabet Inc. filing history →

Source: SEC EDGAR

accession 0001652044-23-000088

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