Google parent Alphabet's Q1 profits beat estimates: company
1 years ago
Alphabet, Google's parent company, exceeded Q1 revenue and profit expectations, causing a 12% share increase. The company reported a $23.7 billion profit on $80.5 billion revenue, attributing the growth to cloud computing, YouTube, and online search advertising. CEO Sundar Pichai credited the success to AI, particularly the Gemini model. Google ads generated $61.7 billion, while YouTube ads and Google's cloud unit brought in $8 billion and $9.5 billion respectively.
