Alphabet Inc. (NASDAQ:GOOG) Q1 2024 Earnings Call Transcript

Sundar Pichai: Well, the first question on Search, not much more to add to what I said but what we have seen, and remember we’ve been in live experiments just for a few weeks in the U .S. and U.K. and on a slice of our queries where, and all indications are positive that it improves user satisfaction. We see an increase in engagement, but I see this as something which will play out over time, but if you were to step back this moment there were a lot of questions last year, and we always felt confident and comfortable that we would be able to improve the user experience. People question whether these things would be costly to serve, and we are very, very confident. We can manage the cost of how to serve these queries. People worried about latency.

I think we are, when I look at the progress we have made in latency and efficiency, we feel comfortable. There are questions about monetization, and based on our testing so far, I am comfortable and confident that we’ll be able to manage the monetization transition here well as well. It will play out over time, but I feel we are well positioned, and more importantly, when I look at the innovation that’s ahead and the way the teams are working hard on it, I am very excited about the future ahead.

Operator: Thank you. And that concludes our question and answer session for today. I’d like to turn the conference back over to Jim Friedland for any further remarks.

Jim Friedland : Thanks, everyone for joining us today. We look forward to speaking with you again on our second quarter 2024 call. Thank you. And have a good evening.

Operator: Thank you, everyone. This concludes today’s conference call. Thank you for participating. You may now disconnect.