Google owner sees record profits as pandemic boom continues
Alphabet – owners of Google – saw its profits climb high in the first quarter as the lockdown boom continues. With people stuck at home in the pandemic, people have used more of its services.
Net profit jumped by 162% to a record $17.9bn in three months to March as advertising revenue grew by a third.
The firm credited “elevated consumer activity online” for its results.
“Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained,” said Alphabet and Google chief executive Sundar Pichai.
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TODAY’S HEADLINES
Boris Johnson faces MPs amid questions over Downing Street flat revamp
Lifting of last lockdown restrictions on 21 June should be in doubt
India’s Covid-19 death toll passes 200,000 as WHO says variant found in 17 countries
Sri Lanka cabinet approves proposed ban on burqas in public
Magnitude 6.2 earthquake strikes India’s Assam
US orders big drawdown at Kabul embassy as troops leave Afghanistan
Biden’s Initial Steps to Repair Global Ties Receive Praise in Europe, Asia
BUSINESS
Google owner sees record profits as lockdown boom continues
Premier Inn owner reports £1bn loss – but hopes to see ‘staycation’ boom
Space race: Elon Musk and Jeff Bezos go head to head
SPORT
Floyd Mayweather to fight Logan Paul in exhibition match at Miami’s Hard Rock Stadium on June 6
Pulisic scores as Chelsea draws CL semi-final first leg in Madrid
Liverpool agree to open discussions with club’s supporters following European Super League backlash
Red Bull ‘excited’ by Mercedes hire but rule out ex-boss
ARTS & ENT
Britney Spears to speak in court over long-standing legal conservatorship battle
Game of Thrones star Natalie Dormer announces she secretly gave birth in lockdown
David and Victoria Beckham quit the US and return to live in £6million UK estate
Kim Kardashian ‘disturbed’ by Caitlyn Jenner’s tweets on prison reform
Read today’s full Daily News Briefing
Daily News Briefing: BoJo faces MPs over scandal – India deaths top 200,000 – Burqa ban approved
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