Business News
Google’s parent company Alphabet exceeded Wall Street expectations last quarter.
04/30/2026, 03:2104/30/2026, 03:21
Sales grew by 22 percent year-on-year to around $109.9 billion. Analysts on average had expected revenue of a good $107 billion. The bottom line is that quarterly profits rose to $62.6 billion from $34.5 billion a year earlier.
The Google and Alphabet headquarters in Mountain View, California.Image: keystone
Google and Alphabet boss Sundar Pichai emphasized that there was 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. But the Internet giant itself integrated AI functions into its search engine – 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 into expanding its artificial intelligence infrastructure. The range for capital investment this year has been increased from $175 billion to $185 billion to $180 billion to $190 billion. Spending is expected to continue to rise in 2027, said CFO Anat Ashkenazi in a conference call with analysts.
Google’s advertising revenue – the company’s most important moneymaker – increased by 15.5 percent year-on-year to $77.25 billion in the last quarter. The cloud business jumped by a good 63 percent to $20 billion. (sda/dpa)