Google parent company Alphabet Inc (NASDAQ:GOOG) saw its shares rise more than 4% afterhours on Thursday as it delivered an earnings beat for the first quarter. Revenue jumped 12% year-over-year to $90.2 billion, attributed to strength in Google Search, YouTube ads, Google subscriptions and Google Cloud, each of which delivered double-digit growth.
Alphabet handily beat Wall Street analysts' estimates for earnings per share in the first quarter and also topped revenue expectations thanks in part to YouTube advertising. The tech giant reported total revenue of $90.2 billion, up 12% from the year-ago period, with earnings per share of $2.81. Analysts had expected revenue of $89.
Here's what Alphabet's earnings may reveal about challenges ahead. Transcript: MICHELE SCHNEIDER: Well again here's a company now that's always under the gun in terms of breaking up the company.
Alphabet (GOOGL) is the next Mag 7 company to report earnings. Rick Ducat looks at the stock's recent downtrend as the company battles antitrust headwinds as well as overall weakness in markets.
Alphabet Inc (NASDAQ:GOOG) first-quarter earnings, due after US markets close on Thursday, are shaping up to be a key barometer for both the technology sector and broader investor sentiment. While the numbers will offer insight into the health of one of the world's most influential digital businesses, the real value for UK investors lies in the outlook Alphabet offers amid growing regulatory, geopolitical and technological headwinds.
Alphabet Inc. pays Samsung Electronics Co. an "enormous sum of money" every month to preinstall Google generative AI app, Gemini, on its phones and devices, according to court testimony, even though the company's practice of paying for installations has twice been found to violate the law.
Big marketers aren't rushing to celebrate a potential Google ad breakup. Why? They lack alternatives to Google's reach and effectiveness.
If Google were ordered to spin off Chrome, the browser could be sold for as much as $50 billion, DuckDuckGo CEO Gabriel Weinberg told a court Wednesday (April 23). Weinberg, whose company is a search engine and browser rival of Google, said this while testifying during the Google antitrust trial, Bloomberg reported Wednesday.
Several units within Google have notified remote workers that their jobs will be in jeopardy if they don't show up at the office three days a week. The company has been downsizing various teams in an effort to streamline operations and prioritize spending on artificial intelligence and infrastructure.
Alphabet stands to benefit in Q1 from AI growth and is now attractively priced.
As we head into Alphabet's ( GOOGL ) earnings report tomorrow, some of the biggest questions analysts will be asking on the conference call should surround Wiz and NVIDIA and those big plans I discussed in my earlier article. But there are two more issues burning like a GPU at OpenAI: their ad model in the age of LLMs and their (undesired) spotlight from the DOJ on antitrust action.
Alphabet ( GOOGL ) just made its largest acquisition ever with the $32 billion bid for Wiz, an Israeli tech company focused on cloud security. Typically, Google has liked to build new technologies and platforms in-house, especially via their secretive "Skunkworks" R&D lab.