Google owner sees record profits as pandemic boom continues

Google owner sees record profits as pandemic boom continues

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

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Google owner sees record profits as lockdown boom continues

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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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