Overview

• Alphabet's Q1 revenue rose 12% to $90.2 billion, exceeding analyst expectations, with net profit up 46% to $34.5 billion.
• Google's core advertising business grew, with search and YouTube ad revenues increasing by 10%, while cloud revenue rose 28%, though at a slower pace than prior quarters.
• The company announced the acquisition of cybersecurity firm Wiz for $32 billion, marking its largest purchase to date.
• Alphabet continues to face antitrust pressure in the U.S., including recent rulings against its advertising practices and calls for structural remedies like divesting Chrome.
• Uncertainty around U.S. trade policy, particularly the removal of the sub-$800 tariff exemption, poses potential risks to Google’s advertising revenue from key clients like Shein and Temu.