Ah, Alphabet! That unruly beast of a company, still running the show even when everyone’s wagging fingers at it. You know, that conglomerate riding on top of Google and YouTube, reported some juicy first-quarter numbers. People are all excited, but come on, the folks on Wall Street had their calculators out, predicting one thing, and boom, Alphabet just sashayed by with a 12% growth instead of the 10% the suits were bracing for. Catch the vibe? Shares shot up a cool 4% in extended trading on Thursday. It’s like one’s favorite stock story—unexpected plot twist and all!
Get this: their revenue reached a sky-high US$90.23 billion. Wrap your head around that number! That’s like, more zeroes than I care to count before my morning coffee. And the earnings per share—hold onto your hats—it jumped from $1.89 to $2.81. Financial astrologers whispered $2.01, but Alphabet said, “Nah, not today!” Fancy numbers, right? The stock market reacted like a cat who’s just spotted a mouse, sending Alphabet’s Class A and C shares up 3.5% post-market. Cha-ching!
You might be wondering, “Okay, cool beans, but what’s in it for me?” Well, in a world where everyone is quick to toss dirt on Google’s name, accusing it of monopolizing the online ad universe (guilty as charged, perhaps?), these numbers scream resilience. Europe’s giving Google the stink eye, slapping anti-competitive practice charges like they’re pancakes on a griddle. Yet, here’s Alphabet, flexing its muscles. Mighty interesting, right? So, what this means is, despite the courtroom dramas and legal hoopla, search engines like Google—they ain’t going nowhere. Stick around; this show’s far from over! ✨
