Alphabet Q1 earnings: Search returns to growth, YouTube down 3%

Alphabet announced its Q1 2023 earnings yesterday. Total revenue grew 3% year-over-year to $69.7BN (6% on a constant-currency basis). Overall advertising revenue was roughly flat at $54.5BN (-0.21% Y/Y), buoyed by Search, which saw growth of 1.9%. Alphabet beat consensus expectations on both revenue and earnings. The company also announced a $70BN stock buyback program. […]

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