The first quarter report shows that both revenue and profit exceeded expectations, and Google continued to rise over 5% in after-hours trading
Alphabet, Google's parent company, announced its first-quarter results after the market closed on Thursday, showing that its revenue and profit exceeded analysts' expectations, thanks to the continued strong performance of its search advertising business, which partially offset the impact of slowing growth in its cloud computing division. The good performance stimulated the company's stock price to rise more than 5% in after-hours trading
Strong performance stimulated the company's stock price to rise over 5% in after-hours trading. Alphabet, Google's parent company, reported its first-quarter results after the market closed on Thursday, showing that its revenue and profit exceeded analysts' expectations, thanks to the continued strong performance of its search advertising business, which partially offset the impact of slowing growth in its cloud computing division. According to the financial report, Alphabet's capital expenditures in the first quarter soared to $17.2 billion, up from $12 billion in the same period last year, and slightly above the market estimate of $17.1 billion. The company expects its total capital expenditures for 2025 to reach $75 billion for projects such as building data centers, a significant increase from $53 billion in 2024
