Alphabet shares rise on stronger-than-expected revenue growth
Publishing timestamp: 2025-04-24 16:00:01
Summary
Alphabet reported strong revenue growth and earnings per share, exceeding analyst expectations. The company's search and advertising units are still showing strong growth despite competition in artificial intelligence. Alphabet's net income increased, and the company made its largest acquisition ever with the purchase of Wiz for $32 billion. The cloud computing business saw a 28% increase in revenue year over year. Waymo, Alphabet's self-driving car unit, is providing over 250,000 fully autonomous paid rides per week. Overall, Alphabet's first-quarter earnings report was positive, leading to a rise in share prices.
Sentiment: POSITIVE
Keywords: sundar pichai, alphabet class c, nvidia corp, technology, internet, alphabet inc, earnings, google, breaking news: technology, donald j. trump, donald trump, business news,
Source: https://www.cnbc.com/2025/04/24/alphabet-googl-q1-earnings-report-2025.html