Latest in Alphabet

Shares in Google and YouTube parent Alphabet slipped 5% in after-hours trading after the tech giant reported first quarter results below Wall Street expectations. Video subsidiary YouTube, which has been on a tear in recent quarters, posted slower growth in the period. Ad revenue on the platform increased 14% to $6.87…

Google, which implemented a Covid vaccine mandate for employees last summer, has reversed course and decided to lift the requirement. The move was first reported Wednesday by CNBC and then confirmed by multiple other media outlets. The change of course on the mandate comes as the company prepares to welcome employees…

Ad sales, including a jump at YouTube and Google Search, fueled solid fourth-quarter earnings for parent Alphabet including beats on the top and bottom line. The stock popped more than 6% after hours. YouTube advertising revenue surged 25% to $8.6 billion. Sales from search grew to $43 billion vs $31.9 billion in the…

Google parent Alphabet rode continued momentum in digital advertising in the third quarter, reporting total revenue of $53.6 billion in the quarter, not counting traffic acquisition costs. Earnings per share came in at $27.99, far ahead of analysts’ consensus expectation of $23.50 and up 71% from a year ago. The…

UPDATED with comments from earnings call: Google's YouTube saw ad revenue jump last quarter, passing $7 billion from $3.8 billion a year ago. The video giant's parent Alphabet saw overall sales surge during second-quarter 2021 to nearly $62 billion from $38 billion, beating Wall Street expectations across the…

YouTube advertising revenue jumped 48% to just over $6 billion in the first quarter of the year as the economy reopens, helping parent Google/Alphabet batter sales forecasts. Total ad revenue at Alphabet jumped to $44.7 billion from $33.7 billion. Total sales including Google Cloud hit $55.3 billion for the three…

Google/YouTube parent Alphabet saw revenue jump last quarter driven by YouTube and search as advertising recovered. The giant company’s total sales surged to $56.9 billion for the last three months of 2020 from $46 billion the year before, smashing expectations. YouTube ad revenue jumped to $6.9 billion from $4.7…

Google Parent Alphabet had a sour quarter last time but today it crushed Wall Street estimate and saw its stock surge 7% in late trading as third quarter revenue jumped 14% to $46 billion. Earnings per share surged $16.40 from $10.12. Wall Street had anticipated revenue of $42.8 billion and EPS of $11.37. At YouTube…

YouTube and Google parent Alphabet has committed $310 million over ten years to diversity and inclusion initiatives to settle a shareholder lawsuit stemming from allegations the company concealed payouts to top male executives accused of sexual harassment. The deal disclosed Friday establishes a DEI (Diversity…

UPDATED with comments from CEO/CFO conference call:  As YouTube advertising firmed nearly 6% to $3.8 billion in the second quarter, Wall Street also tried to get sense of YouTube TV, which isn’t broken out in the earnings reports of Google parent Alphabet. When one analyst asked CEO Sundar Pichai if YouTube TV would…

A Congressional antitrust investigation will have some star power testifying at hearings later this month, as the CEOs of Amazon, Apple. Alphabet (Google/YouTube) and Facebook have agreed to talk to the legislators. Congress has been casting a wary eye at the four tech giants, concerned that their market power is…

In a two-act annual meeting Wednesday, Google parent Alphabet ticked off good deeds from a $12 million pledge to further racial equality and 200 new initiatives around COVID-19 — from $800 million in ad grants and loans for small businesses to an expansion of Google Classroom to PSAs on YouTube. Then shareholders took…