Google Parent Alphabet Beats Quarterly Earnings Expectations

Company reports $21.4 billion in Q1 ad revenue

Google’s parent company beat financial expectations for the first quarter of the year, reporting revenue of $24.75 billion for the first three months, up from $20.26 billion during the same period in 2016.

Alphabet Inc. today said Google’s advertising revenues totaled $21.4 billion in the first quarter, up from $18 billion in the first quarter of 2016. Aggregate paid clicks increased 2 percent, while paid clicks on Google properties jumped just 1 percent. Aggregate cost per click fell 4 percent.

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