Google owner Alphabet beats revenue expectations as ad spend recovers
Google owner Alphabet beats revenue expectations as ad spend recovers (Getty Images) Google’s parent company Alphabet beat Wall Street estimates for the first quarter amidst a recovery in digital ad spend. Revenue rose to $55.31bn in the first quarter from $41.16bn a year earlier, beating analyst estimates of $51.7bn according to Refinitiv data. Alphabet shares rose about five per cent to $2,405 in after-hours trading. Digital advertising has bounced back from the pandemic-induced drop last year with revenue increasing 32 per cent to $44.68bn, up from $33.76bn a year ...