Google's first-quarter earnings of $1.89 per share, up 61% from the previous year, and gross revenue of $80.54 billion, a 15% increase, surpassed analyst expectations.
Google's advertising revenue increased by 13% to $61.66 billion, YouTube ad revenue rose 21% to $8.1 billion, and cloud-computing revenue went up by 28% to $9.574 billion, all beating estimates.
Alphabet also announced a $70 billion stock buyback, indicating confidence in future growth, while Google stock surged over 13% in extended trading, further supported by a high Composite Rating.
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