FAMAGUSTA GAZETTE – Alphabet Inc., Google’s parent company, reported first-quarter revenue of $90.23 billion, a 12% increase from the same period in 2024.
Net income rose to $34.54 billion, or $2.81 per diluted share, compared to $23.66 billion, or $1.89 per diluted share, in the prior year.
Google Services contributed $77.26 billion to total revenue, up from $70.40 billion in Q1 2024. Google Cloud sales also grew to $12.26 billion, up from $9.57 billion.
The company announced a quarterly cash dividend of $0.21 per share, a 5% increase, payable on June 16, 2025, to shareholders of record as of June 9.
CEO Sundar Pichai highlighted the quarter’s success, pointing to the rollout of Gemini 2.5, an advanced AI model driving innovation across Alphabet’s businesses.