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Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend

SeattlePI.com Thursday, 25 April 2024 ()
Google’s corporate parent Alphabet Inc. has released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic. In a sign of the company's vigor, Alphabet disclosed plans to begin paying a quarterly shareholder dividend for the first time since Google went public 20 years ago. The news caused Alphabet's stock price to soar by nearly 16%.
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