Company exceeded Wall Street’s expectations with $55bn in revenue, even as it continued to face landmark antitrust lawsuits
Google’s parent company, Alphabet, reported record profits for the second consecutive quarter and a 34% jump in revenues but warned bumper traffic and ad sales during the pandemic may slow as stay-at-home measures are eased.
Exceeding Wall Street’s expectations, Alphabet brought in just under $18bn in profits, and $55.3bn in revenue in its first quarter of the year, a 34% rise from the same time a year ago.
