Alphabet, the parent company of Google and YouTube, reported first-quarter earnings that exceeded analysts’ expectations, primarily driven by robust performance in its core search advertising business. Meanwhile, Google Cloud – the company’s key growth metric – recorded a significant increase in profitability.
Alphabet’s ongoing investment in artificial intelligence (AI) underpinned growth across all segments. Chief Executive Sundar Pichai said: “We’re pleased with our strong Q1 results, which reflect healthy growth and momentum across the business. Underpinning this growth is our unique full stack approach to AI.”
