From Yahoo Finance: 2025-04-24 16:39:00

Google’s profits soared 50% in Q1, reaching $34.5 billion in revenue, up 12% from last year. Alphabet CEO Sundar Pichai credited healthy growth to Google’s dominant search engine amidst competition and legal battles. Stock rose 4% after the announcement, despite challenges from AI and antitrust cases.

Despite challenges, Google’s search engine continues to dominate with new features like AI Overviews and AI Mode. Analysts praise Google’s response to AI demand, but the U.S. Justice Department seeks to break up the company due to alleged monopolistic practices. Trade war fears could impact ad revenue in potential recession.

Google’s ad revenue in Q1 reached $66.9 billion, an 8% increase from last year. Executives remain positive but wary of trade war impact on revenue. Alphabet plans to invest $75 billion in AI and technology while pursuing a $32 billion cybersecurity firm acquisition. Profit and revenue corrections noted.

Read more: Google’s parent begins year with robust growth despite legal, competitive and economic threats