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No need to pull your browser to search “Strong Quarter” – Google (Googl+ 1,23%) The parent alphabet has an answer. The company’s first trimester report defeated the expectations of Wall Street consensus on Thursday after the bell.
Encouraged by growth in its cloud services and and initiatives, announced a net revenue of $ 34.5 billion in the amount of revenue – increases from 12% compared to the Wall Street estimate of $ 89.2 billion. The company also reported earnings per share of $ 2.81; Analysts expected that number to be $ 2.01. Net proceeds increased 46%.
The company also announced a $ 70 billion recovery program and said to increase the quarterly cash dividend by 5% to $ 0.21. It is the first of the trillion major technological companies to report the quarterly results this season of earnings.
The stakeholders picked up more than 3% in trading after an hour, and the company looks ready to open at their highest level for more than a month.
The entire Sundar Pichai said in a statement that the quarterly results “reflect healthy growth and momentum over business”, as well as Google’s “unique full access to AI.”
Google Cloud remained one of the fastest growing – and most important – segments in the alphabet portfolio; Its revenue increased by 28% to $ 12.3 billion, just matching expectations. The profitability of the segment improved significantly, and operating income increased by 142%. Google’s Cloud Computing Business Stills Amazon’s (Amzn-1.08%) and Microsoft (MSFT+ 0.24%Yet.
In the wage report and on the invitation followed, the report praised PICHAI on the report on the recently released company. While Count Gemini’s user user has significantly increased, still lags behind Openai Chatgpt and Meta AI (Target-1.69%).
Pichai added that Google and a clear tool – which company has attached atop its search results – “now has 1.5 billion users per month.” While investors were careful if the search results would be profitable less profitable than traditional search results, Philipp Schindler’s business officer to call which company cashing the AI reviews “at approximately the same rate.”
Revenue “Company search and other” and others have increased 10% to $ 50.7 billion.
Schindler also said that AI helps Google’s advertising ads for searching for search ads – Playing merchants’ to reach customers and searches where we would not show their ads before. ” The company’s advertising revenue was 66.8 billion dollars (as opposed to the expected $ 66.4 billion).
Meanwhile, her income from YouTube was lower than expected ($ 8.93 billion versus $ 8.97 billion), but still climbed 10% because business is required as a winner in all the world to cut. Pichai said in earnings to call that YouTube and Google had a number of overall subscriptions across the company to 270 million.
At the invitation to earn, Pichai said that the company autonomous Waymo performs over a quarter of a million paid travel trips each week, five times the company seen a year ago.
The company’s crashes have passed around 16% before they call on Thursday, so the investors were curious to see how Google would write in key areas of AI and Cloud Computing – in the middle of antitrust issues and eddy tariff issues.
The browser’s giant was Back to court this weekRelated to the verdict found by the company has an illegal monopoly in network search – partly paying web browsers and smartphone manufacturers to contain their browser. And the drink told the judge that had a solution to lift an eyebrow: forcing the company to Sell your popular chrome search engine.
Google is facing other prefabricated issues that have put the company in a particularly vulnerable position.
In a separate antitrust case, the Federal judge has ruled that the company had Illegally held a monopoly In some Internet advertising technologies, which could result in regulatory fines or structural changes as Google’s business business operates – and maybe even break up. I Japan FTC recently sent a company to cease and disist After it was said that Google’s search practices are monopolistic.
2025-04-24 21:17:00
