2024-05-02 11:54:22 ET
Summary
- Google's key segments, including Search, YouTube Ads, and Cloud, are performing well.
- Google Search continues to grow despite the popularity of ChatGPT.
- YouTube ad revenue has increased significantly, and AI advancements play a new role in the platform's success.
Introduction
In my February article , I said Alphabet Inc. ( GOOG ) ( GOOGL ) looks good through a long-term lens and the latest quarter is another step in the right direction as the revenue from the 1Q24 results was well above 1Q23:
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Google's Key Segments Are Doing Well