Alphabet: revenue soars for Google owner as Covid lockdown boom continues
by Mark Sweney and Gabrielle Canon from Technology | The Guardian on (#5H50Q)
Tech firm beat Wall Street forecasts with $55bn in revenue, even as it faced antitrust lawsuits
Google's parent company, Alphabet, more than doubled its profits to a record $17.9bn (12.9bn) in the first quarter, as the lockdown-enforced surge in the use of digital services fuels an advertising boom for the Silicon Valley giant.
The company, which revealed in filings last week that Google UK's staff earned an average of 240,000 each last year, said it was still scratching the surface" over how much money it could make from advertising on its YouTube video service.
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