Latest in Alphabet

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…

Traditional brand marketing on YouTube is “continuing to decline” in April due to COVID-19, according to Ruth Porat, CFO at Alphabet, parent of the digital video behemoth. During a conference call with Wall Street analysts Tuesday to discuss Alphabet’s mixed first-quarter results, Porat said direct-response ads are…

Alphabet, parent company of Google, reported mixed quarterly results Tuesday, falling short of Wall Street profit estimates after a sharp downturn in the last month of the January-to-March quarter. Total revenue rose 13% to $41.16 billion, well above analysts’ consensus forecast for $40.33 billion. Earnings per share…

Investors punished shares of Google Tuesday after parent Alphabet came in light on revenue in its latest earnings – and even as Wall Street and media watchers lapped up welcome details on YouTube which had never been previously released. Google revealed that YouTube ad revenue rose 31% in the fourth quarter to $4.7…

Google CEO Sundar Pichai is getting a big salary bump with his expanded role as CEO of Alphabet. According to a recent Securities and Exchange Commission filing, Pichai will receive a $2 million salary, plus a $240 million stock package that’s set to take effect in 2020. The stock will be granted over three years and…

Larry Page and Sergey Brin, the founders of Google, have left their executive roles at its parent company, Alphabet. Google CEO Sundar Pichai will become CEO of Alphabet while remaining chief at Google. Page had been CEO of Alphabet and Brin had been president. They will continue to be involved in the tech giant as…

Google parent Alphabet saw its shares slide more than 1% in after-hours trading following the release of the tech giant’s third-quarter financial results. While the company exceeded Wall Street analysts’ estimates for total revenue, with $40.5 billion, earnings per share of $10.16 fell well short of the consensus…