Google beats Q1 estimates as AI and cloud momentum drive double-digit growth

  • Google parent company Alphabet Inc (NASDAQ:GOOG) saw its shares rise more than 4% afterhours on Thursday as it delivered an earnings beat for the first quarter. Revenue jumped 12% year-over-year to $90.2 billion, attributed to strength in Google Search, YouTube ads, Google subscriptions and Google Cloud, each of which delivered double-digit growth.