Alphabet delivered strong first-quarter results, with revenue growth accelerating and margin expansion driven by restructuring efforts. The firm initiated a dividend totaling about $10 billion annually and authorized an additional $70 billion of share repurchases. While growth may not sustain at this pace, Alphabet's results position it to surpass expectations for the year.
Total revenue for Alphabet increased by 15% year over year, with search advertising up 14% and YouTube advertising surging by 21%. The cloud business also displayed significant growth, with revenue up by 28%.
Alphabet, like Meta, is intensifying efforts in developing AI technology, indicating a significant capital investment increase to around $50 billion for the current year. The company is focusing on reducing costs by cutting headcount and consolidating teams to counter infrastructure investment impacts on profitability.
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