Alphabet (Google) reveals $76.54bn ad revenue, up on last year

Alphabet Inc, the parent company of Google, has today released its first-quarter results, with both profit and revenues missing Wall Street estimates, as revenue growth slows down.

Revenues for the quarter gained 23% to $68.01 billion (A$95.36 billion) from $55.31 billion (A$77.45 billion) last year. The company had reported a revenue growth of 34% growth in the first quarter of 2021 and 32% in the fourth-quarter of 2021.

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