Google’s first-quarter earnings were the highest to date
In a time of increased economic uncertainty that could affect Google, a business with a significant advertising presence, Alphabet, the parent company of Google, will be the first of the trillion-dollar U.S. tech giants to release its first-quarter results Thursday afternoon.
Alphabet is expected to announce $89.2 billion in revenue and adjusted profits per share of 2.01 ($24.8 billion net income) in the report that will be released shortly after 4 p.m. EDT, according to FactSet’s consensus projections of analysts.
As a result, revenue increased by 11% from the first quarter of 2024, and year-over-year results increased by 6%.
Google, Alphabet’s main search engine, is predicted to make $50.5 billion in sales, up 9% from the previous year, while Google Cloud, which relies heavily on AI, is predicted to make $12.3 billion, up 28%.
Prior to the launch, Google shares increased by 1% on Thursday. However, they are down 16% so far this year, which is marginally worse than the tech-heavy Nasdaq’s 13% decline, as market confidence was negatively impacted by worries about an economic slowdown connected to President Donald Trump’s trade war.
Amazon, Apple, Microsoft, and Meta will all disclose their first quarter 2025 results next week. The Magnificent Seven’s least valuable member, Tesla, reported its first quarter earnings on Tuesday, falling short of both revenue and profit projections.
