The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
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1d ago
US Top News and Analysis | Alphabet first-quarter results likely to show continued growth, boosted by cloud
AI generated summary, Read the full article for complete information.
Alphabet posted strong first‑quarter 2026 results, posting revenue of $109.9 billion—beating analysts’ $107.2 billion estimate—and earnings per share of $5.11. Growth was driven by Google Cloud, which generated $20.0 billion in revenue, up 63% year‑over‑year, and became the company’s primary AI‑driven growth engine. The firm raised its full‑year capital‑expenditure outlook to $180‑$190 billion (up from $175‑$185 billion) and indicated 2027 cap‑ex will “significantly increase.” Alphabet’s net income rose 81% to $62.6 billion, while advertising revenue reached $77.3 billion, up 15.5% YoY. YouTube ad sales fell slightly short of expectations at $9.88 billion, but subscription revenue is gaining momentum. Other bets, including Waymo, contributed $411 million, and the company continued to invest heavily in AI infrastructure to meet rising demand.
Read more: https://www.cnbc.com/2026/04/29/alphabet-googl-q1-2026-earnings.html
#Alphabet #GoogleCloud #SundarPichai #Intersect #Nasdaq
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