If the economy is heading to the decline, Google He hasn't felt.
Or at least, it didn't feel until March 31.
The largest of the network internet was reported to be strong Q1 results On Thursday which sent its stock as 5% after hours, as its important ads and cloud business brought healthy growth. But the result applies to the first quarter of the year, just before Trump's international trade war began.
As with the business conditions that Google is facing now: Google is not saying. The executives in the alphabet of Google's parent company maintained disciplined silence over Thursday's revenue over anything that happened in the current quarter, despite analysts' efforts to get the update.
“It's too early to comment,” business chief executive Philipp Schindler said in response to one question.
“Of course we cannot protect the general environment, but we do not want to predict the possible effects,” Schindler said. .
After weeks of Tension in marketsAnd a number of concerns focusing on Google, the Card's strong report card – with the news that would increase its dividends and cents partly and repatriate $ 70 billion in stock – was more than enough for investors to celebrate Thursday.
Google grew higher than 12% per year in Q1 to $ 90.2 billion, hitting an average expectation of $ 89.2 billion, while revenue per stock came at $ 2.81 against $ 2.01 expected by Wall Street. The company showed the growth in high demand from broadcasters in the financial, insurance, health care, and retail.
Revenue from ads on video web YouTube It grew 10% from the previous year to $ 8.9 billion, while Google's cloud business increased 28% to $ 12.3 billion.
The CEO of the alphabet Sundar Photo took advantage of AI company testAlong with the “AI's overview” provided for Google's search service, which Photo said is now used by 1.5 billion users a month. And the company confirmed its previously announced plan to spend $ 75 billion on capital expenditure on its cloud and AI infrastructure this year, indicating that it remains in the AI business.
Many risks facing Google
It's a trick time for the alphabet. Entering on Thursday's revenue report, company shares had decreased around 15% so far this year, greater than a stress drop and Nasdaq or S&P 500.
The alphabet trading faces high risk on many sides, as Trump's economic uncertain AI types threaten to distract His reign of networking, and government architects seek Break the company.
The court cases and legal threats facing the alphabet were passed during the income call on Thursday, as executives showed progress in the company's various products, from its fast -growing YouTube registration business to its Waymo vehicles to drive.
The fact that the alphabet historically did not provide detailed information “Guide” forecast In its income revenue gives it a cover to prevent elephants in the room – the current state of demand from advertisers (as opposed to demand conditions in Q1).
Because advertising accounts for about three quarters of alphabetical income, world advertising market health in the coming months will be important. Advertising and sale budgets are usually among the first cost companies cut into economic downturn, and with uncertainty on tariffs, many economists and investors are concerned about the decline in the economy.
If Google's business was really falling in April, the company may have felt responsible for issuing a warning of some sort. For some, the fact that Google stayed mother can be interpreted as a sign of confidence. And when Schindler abandoned questions about the business situation in April, he described Google's experience in the decline of the previous economy and the confidence of comparisons of the processing ads compared to other types of advertising.
“To pull out,” Schindler said, “I would say we have a lot or experience in managing through unreliable times.”
This story was previously shown Bahati.com
Source link