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Alphabet’s exec Ruth Porat spoke on a conference call this week about the company’s Q1:
“Our revenues of $24.8 billion in the first quarter demonstrate our broad-based strength globally, with revenues up 22% year on year. In constant currency, our consolidated revenues grew 24% versus 1Q 2016. Growth in advertising revenues was again driven by mobile search, with ongoing strength in YouTube and programmatic. We also had substantial growth in other revenues from Play, hardware, and Cloud. … We realized a negative currency impact on our revenues year over year of $304 million or $87 million after the benefit of our hedging program.”