Alphabet Surges After Crushing Profit Estimates, R…
From Financial Modeling Prep: 2025-04-25 09:25:00
Alphabet (NASDAQ:GOOG) stock rose over 3% in pre-market trading after reporting Q1 earnings that surpassed expectations. Earnings were $2.81 per share on revenue of $90.23 billion, with operating income at $30.6 billion. The company plans to invest $75 billion in AI this year, despite increasing global competition.
Google Search revenue hit $50.7 billion, exceeding estimates, while YouTube ad revenue reached $8.93 billion. Google Cloud revenue also grew to $12.26 billion, aligning with analyst forecasts. Alphabet’s capital expenditures for AI hit a record $17.2 billion, showcasing its commitment to advancing in artificial intelligence.
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