Google rises on search business ad boom and buyback
Google parent Alphabet reports first-quarter revenue, excluding some payments, of $45.6bn, pummelling Wall Street estimates
28 April 2021 - 19:21
Google’s results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world that shows businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again.
Google parent Alphabet said first-quarter revenue, excluding payments to distribution partners, came in at $45.6bn, pummelling Wall Street estimates. The company also unveiled a big new share buyback, sending the stock up as much as 5.5% to an intraday record high of $2,416.98...
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