Alphabet’s total revenue rose 15 percent year-over-year to $80.54 billion. They thus exceeded the expectations of analysts, who, according to the LSEG company, estimated them at 78.59 billion on average. Advertising revenue rose 13 percent to $61.66 billion.
Alphabet announced that it will pay shareholders a dividend of 20 cents per share. It also stated that its management approved the buyback of shares worth up to $70 billion (over CZK 1.6 trillion).
Google wants to charge for artificial intelligence
Software
The company’s shares reacted to the news with significant growth, and the company’s market capitalization exceeded two trillion dollars (47 trillion crowns) for the first time.
XTB analyst Tomáš Cverna said the company’s revenue beat expectations thanks to growth in key segments such as advertising and cloud. “Investors can be pleased not only with the results, but also with the announcement of a share buyback program in the amount of 70 billion US dollars, and above all with the first ever dividend,” he added.
Google is the largest Internet search engine in the world and the number one in the world market for Internet advertising.
“You are not complying with the regulation.” The EC has launched an investigation into Google, Apple and Meta
Internet and PC
