Alphabet (GOOGL) Revenue — Quarter Ended Mar 31, 2023

Revenue for the quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential drop reversed the prior quarter's growth, while the year-over-year gain marked the smallest annual increase in the trailing four quarters.

Key takeaway

Quarter ended Mar 31, 2023 · FY2023 Q1

Financial snapshot

Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.

Quarter revenue

$69.8B

Revenue reported for this quarter.

Quarter-over-quarter

-8.2%

Change from the immediately preceding quarter.

Year-over-year

+2.6%

Change from the comparable year-ago quarter.

Trailing four quarters

$284.6B

Sum of the latest four reported quarters.

Quarterly revenue trend

The latest four reported quarters with year-over-year comparisons.

Period ended	Revenue	Year-over-year change
Jun 30, 2022	$69.7B	+12.6%
Sep 30, 2022	$69.1B	+6.1%
Dec 31, 2022	$76B	+1.0%
Mar 31, 2023	$69.8B	+2.6%

Revenue performance

Revenue contracted from the prior quarter, breaking the upward trend seen in the preceding period. The year-over-year expansion remained positive, though it was the weakest annual comparison in the available trend data.

Quarterly comparison

Compared to the immediately preceding quarter, revenue was lower after that quarter had registered a sequential increase. Relative to the same quarter one year earlier, revenue was higher, but the pace of growth slowed from the year-ago change reported in the prior quarter.

What to watch

The declining sequential revenue trend may warrant attention, especially given the smallest year-over-year growth in recent quarters.