Alphabet will pay out a dividend of 20 cents per share for the first time. Google’s parent company also promises future benefits.
Alphabet reaped the benefits of online advertising in the past quarter and saw its turnover and profit rise. Alphabet announced this after trading hours on Thursday.
Turnover increased by 15 percent year on year to 80.5 billion dollars (75 billion euros). Analysts had expected 79 billion dollars (74 billion euros). Profit rose to $23.7 billion (22 billion euros), compared to $15 billion (14 billion euros) a year earlier.
Advertising revenue still forms the basis of the company. In one year they rose from 54.5 billion dollars (51 billion euros) to 61.7 billion dollars (58 billion euros). YouTube contributed more than 8 billion dollars (7 billion euros), approximately 21 percent more than in the first quarter of last year.
The company’s cloud activities also did well, with an operating profit of 900 million dollars (839 million euros) in the first quarter. That is more than the 190 million dollars (177 million euros) in the same period last year and better than the 700 million dollars (652 million euros) that analysts had expected.