Alphabet's impressive first-quarter results highlighted a 12% year-on-year revenue growth to $90.2 billion, with operating income rising by 20% to $30.6 billion. The increase in its quarterly dividend by 5% and the $70 billion share repurchase plan signal confidence, though the company faces pressures from ongoing antitrust lawsuits and AI competition. Analysts worry about potential advertising spending slowdowns due to new tariffs. Despite this, Alphabet's CEO emphasized the strong growth in search features, indicating resilience in its core advertising business.
Alphabet's first-quarter results should calm investors' concerns for now, but the outlook for the rest of the year is clouded by how a tariff-induced economic slowdown could impact Alphabet's massive advertising business.
'Search saw continued strong growth, boosted by the engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month,' Alphabet CEO Sundar Pichai said.
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