GOOGL
📈 Alphabet reported Q1 earnings and revenue that beat analyst expectations, driven by strong search advertising performance.
💰 Net income reached $2.81 per share, surpassing the estimated $2 per share, signaling robust profitability.
🤖 Waymo’s robotaxi service is expanding, making over 250,000 paid trips weekly, with potential for personal ownership in the future.
@bernardodegarcia:
“Let’s talk about Google shares because we have a double whammy, okay? Google shares are up 5.59% after reporting first-quarter revenue and profits that exceeded analyst expectations, driven by the continued strength of its search advertising business. First-quarter sales, excluding payments made to partners, reached over $76 billion. Let’s see if we have them right here. Bing, bang, boom! There are Google’s quarterly results. There they are. Well, actually, we need to come here, but anyway. According to the company’s statement yesterday, analysts expected an average coupon of $75.4 billion, according to data. Net income was $2.81 per share. There it is, right above my head. Compared to the estimate of nearly $2 per share. The shares, which have fallen 16% year-to-date, were up more than 5% in pre-market trading on Friday, and perhaps there’s more to come, because later in the call, we also heard news that Waymo’s robotaxis could be available for personal ownership someday, as indicated by Sundar Pichai, CEO of Alphabet, as the tech giant continues to expand the operations of its autonomous driving unit. He literally said in his earnings call, ‘There are future options around personal ownership,’ Pichai stated in response to an analyst’s question about Waymo’s long-term business model during Alphabet’s earnings presentation. Pichai noted that Waymo makes over 250,000 paid passenger trips each week, five times more than the previous year. Waymo launched a paid service in Silicon Valley last quarter and plans to launch in Washington in this, no, not this year, excuse me, it was in 2026 along with Miami. Robotaxis are already here.”
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