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Google Posts 50% Profit Surge Despite Legal, AI, Trade War Pressures
April 26, 2025
|The Business Guardian
Alphabet's stock gained more than 4% in extended trading after the numbers came out. The shares had fallen by 16% since the end of last year.
Google's profits soared 50% in this year's opening quarter, overcoming the competitive and legal threats that its internet empire is facing amid an economy roiled by a global trade war.
The numbers released Thursday by Google parent Alphabet Inc. indicated the company is rising to the challenge so far, but investors are likely to remain concerned about the turbulent times ahead.
The Mountain View, California, company earned $34.5 billion, or $2.81 per share, during the January-March period, up from $23.7 billion, or $1.89 per share, at the same time last year. Revenue rose 12% from last year to $90.2 billion. The results easily exceeded analysts' projections, according to FactSet Research.
هذه القصة من طبعة April 26, 2025 من The Business Guardian.
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