ALPHABET SUBE: His accounts beat forecasts and repurchase shares for 70,000 million

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By TP

Alphabet, the Google matrix, presented this Thursday its results corresponding to the first quarter of the year, in which it has obtained a benefit of 34,540 million dollars, which represents an increase of 46% compared to the 23,662 million obtained in the same period of the previous year. The firm's actions rise 4% in the operations after the closure of the market, thanks to better results than expected and the launch of a Repurchase program of up to 70,000 million dollars.

This translates into a BPA benefit (BPA) of $ 2.81above $ 1.89, title of the first quarter of 2024 and also the consensus forecasts, which anticipated a BPA of $ 2.01. The company too It has exceeded expectations with its income figure, which has been located at 90,234 million, after registering an interannual increase of 12%while the consensus hoped that it was 89,120 million. For its part, the operational benefit has grown to 30,606 million, with a 34%margin. Analyzing in detail the billing, The company has reported advertising income from YouTube worth 8,927 millionslightly below 8,970 million anticipated by consensus. In addition, sales of Google Cloudthe cloud business has increased to 12,260 million (+28%), below the expectations of 12,270 million. On the other hand, the Google matrix has presented some Traffic acquisition costs of 13,748 million, while the forecasts pointed to 13,660 million. Alphabet's CEO, Pichai sundarpoints out that these «solid results» of the first quarter reflect «a Chealthy recipient and great impulse throughout the company«.» This growth is based on our exclusive comprehensive approach to AI. This quarter was extremely exciting, since we implemented Gemini 2.5, our smartest model, which is achieving progress in performance and constitutes an extraordinary basis for our future innovation. The search sector experienced solid continuous growth, driven by the interaction that we observe with functions such as AI Overviews, which now has 1.5 billion users per month, «he details. He also points out that» thanks to YouTube and Google One «the company has exceeded 270 million payment subscriptionswhile the cloud «grew rapidly» thanks to the «significant demand» of its services. On the other hand, the technology has announced a 5% increase in dividendwhich will result in a quarterly payment in cash of $ 0.21 per share. In addition, the Alphabet Board of Directors authorized the company to Repurchase up to 70,000 million dollars of your class A and class C shares«in the manner that is considered more beneficial for the company and its shareholders, considering the economic cost and the conditions prevailing in the market, including the prices and negotiation volumes of the actions of the shares.»