Google propels record Alphabet revenue, driving shares up 8%


FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) -Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets.

Alphabet's shares jumped more than 8% in after-hours trading, also rising on the company's announcement that it would undertake a 20-to-one stock split.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

US FTC sues Amazon.com's Ring
Meta threatens to yank news content from California over payments bill
Nvidia rally: Retail investors stay out on growing slowdown worries
Nubank to hike Colombia investments by $160 million by 2025
Ford CEO says EV cost parity may not come until after 2030
EU's Vestager sees draft code of conduct on AI within weeks
German family-owned Schmid Group aims for SPAC listing on NYSE
HP Enterprise shares fall as dull forecast fuels fears of slowing demand
AI boom triples valuation of Lightmatter, US startup using light for computing
EU tech chief sees draft voluntary AI code within weeks

Others Also Read