Quarterly figures Google parent exceeds Wall Street expectations
Google's parent company Alphabet exceeded Wall Street expectations last quarter. Turnover grew by 22 percent year-on-year to around 109.9 billion dollars.
29.04.2026, 23:39
SDA
On average, analysts had expected revenues of a good 107 billion dollars. At the bottom line, the quarterly profit rose to 62.6 billion dollars from 34.5 billion dollars a year earlier.
Google and Alphabet CEO Sundar Pichai emphasized that there had been a record number of search queries in the quarter. In recent years, there has been much speculation as to whether new rivals that use artificial intelligence to provide answers rather than links to queries could make life difficult for Google's leading search engine. However, the internet giant has integrated AI functions into its search engine itself - and claims that it is being used more as a result.
More billions for AI
Like other tech giants, Alphabet is investing tens of billions of dollars in expanding its artificial intelligence infrastructure. The range for capital investments this year has been raised from the previous 175 to 185 billion dollars to 180 to 190 billion dollars. Spending is set to increase further in 2027, said CFO Anat Ashkenazi in a conference call with analysts.
Google's advertising revenue - the company's most important source of income - increased by 15.5 percent year-on-year to 77.25 billion dollars in the past quarter. The cloud business jumped by a good 63 percent to 20 billion dollars.
