Alphabet (GOOG) reported impressive first-quarter financial results, surpassing analyst expectations with a 12 percent revenue increase to $90.2 billion and a 20 percent rise in operating income. The company announced a 5 percent increase in its quarterly dividend and a $70 billion share repurchase authorization. However, the stock has faced a drop this year due to antitrust lawsuits and competition from AI technologies. While Q1 results may ease some investor worries, challenges like potential tariff-induced economic slowdowns could affect future advertising revenue.
Alphabet's first-quarter results should calm investors' concerns for now, but the outlook for the rest of the year is clouded by how a tariff-induced economic slowdown could impact Alphabet's massive advertising business.
Search saw continued strong growth, boosted by the engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month.
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