2024-05-04 08:10:37
Alphabet, Google’s parent company, had a turnover of more than 80 billion dollars in the first quarter of the year, from which it obtained a net profit of 23.7 billion, according to its results statement, two figures well above expectations. – market tatives.
The online search giant, which is investing heavily in artificial intelligence (AI), also delighted Wall Street this Thursday with the announcement of a dividend payment: its share price soared almost 12% in the electronic operations after the closing of the negotiation.
“It took Google more than 15 years to reach an annual turnover of 100 billion dollars. In the last six years, we have gone from 100 billion dollars to more than
300 billion annual revenues,” celebrated SundarPichai, CEO of the American group, at a conference for analysts.
In addition to its revenue and profit growth, the company’s cloud business also posted an operating profit of 900
million dollars in the period from January to March, compared to 190 million in the same period of the previous year, and better than the 700 million expected by analysts.
YouTube is also doing well, with the video platform’s revenue increasing 20% year-on-year to over $8 billion.
“Things are looking good for Google. Their cloud has prospered, as expected,” reacted Evelyn Mitchell-Wolf of Emarketer.
“And YouTube has benefited from investments in live sports, better management of the ad blocking problem, and better monetization of Shorts,” the short, entertaining videos copied from TikTok.
The streaming service “thus recorded its highest growth rate in two years,” added the analyst.
But, above all, the market was attentive to the signs that Google’s investments in generative AI (production of texts, images and other content from a simple query in everyday language) were beginning to bear fruit. “peraba,” reacted Evelyn Mitchell-Wolf, from Emarketer.
“And YouTube has benefited from investments in live sports, better management of the ad blocking problem, and better monetization of Shorts,” the short, entertaining videos copied from TikTok.
The streaming service “thus recorded its highest growth rate in two years,” added the analyst.
But, above all, the market was attentive to signs that Google’s investments in generative AI (production of texts, images and other content from a simple query in everyday language) were beginning to bear fruit.
On the other hand, the technology form Microsoft increased its earnings by 20%, up to $21.9 billion, and stood at $2.94 per share.
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2024-05-04 08:10:37