Alphabet jumps 3% as search, advertising units show resilience
From CNBC: 2025-04-25 09:45:00
Alphabet’s stock rose 3% after strong growth in search and advertising businesses. Q1 earnings were $2.81 per share on $90.23 billion in revenues, exceeding analyst expectations. Net income increased 46% to $34.54 billion. Despite trade war fears, Alphabet is optimistic about its future growth potential with AI and search tools.
Alphabet reported steady growth in advertising and search business, with $66.89 billion in advertising revenue and $8.93 billion from YouTube. The “Search and other” unit rose 9.8% to $50.7 billion. Bank of America analyst Justin Post believes Wall Street is undervaluing the potential of AI tools and cloud demand. Gemini, a large language model, is performing well.
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