Google reported a significant increase in earnings per share, reaching $2.12, up 37% year-over-year. This strong performance has surpassed analyst expectations across the board.
The robust growth in internet search advertising, growing by 12% to $49.39 billion, indicates healthy demand, especially beating analyst predictions that set growth at 11.5%.
Investor sentiment was buoyed not just by earnings but by Google's focus on AI-driven features in search, which analysts believe may enhance user engagement and ad performance.
Google's cloud computing revenue surpassed estimates by achieving $11.35 billion, showcasing the company's diversified revenue streams and investment in future growth sectors.
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