Google smashes revenue, announces dividend

Chris Pash
By Chris Pash | 26 April 2024
Credit: Oswald Elsaboath via Unsplash

Google announced its first dividend as it posted a better than expected 15% lift in revenue to $US80.5 billion for the March quarter.

The digital giant is paying $0.20 cash per share to shareholders, following social media player Meta, which three months ago also announced its first dividend.

Google, like Meta, is also accelerating building artificial intelligence (AI).

“Our results in the first quarter reflect strong performance from Search, YouTube and Cloud," said CEO Sundar Pichai.

"We are well under way with our Gemini era and there’s great momentum across the company.

"Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.”

YouTube ads brought in $8.09 billion in the quarter, up from $6.69 billion in the same quarter last year. Google advertising was $61.66 billion compared to $54.55 billion last year.   

March quarter 2024 numbers:

google march q 2024

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