Alphabet, Google’s parent company, reported it beat Wall Street expectations and clocked in $76.5 billion in revenue in Q1.
Shares rose 5% after the report.
Despite global tariff concerns and record spending on AI, Google showed resilience. Its capital expenditures reached a record $17.2 billion, and the tech giant plans to invest $75 billion this year.
YouTube advertising revenue jumped roughly 10%.
Google didn’t offer guidance, keeping some uncertainty alive while adding that advertising could face “slight headwinds” from changes to trade rules. Alphabet raised its quarterly dividend by 5% to 21 cents.
Investors may find relief in the strong results, but questions about the impact of tariffs on Google’s second quarter remain.