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YouTube Ad Revenue Climbs 10%, Helping Alphabet Q1 Results Beat Wall Street Estimates
Alphabet handily beat Wall Street analysts' expectations in the first quarter, thanks in part to a 10% year-to-year increase in YouTube advertising.
Justin Sullivan/Getty Images Alphabet handily beat Wall Street analysts’ estimates for earnings per share in the first quarter and also topped revenue expectations thanks in part to YouTube advertising. A federal judge earlier this month ruled that Google’s ad tech business operated as an illegal monopoly. The remedy that will follow the decision could break up the company, or at least separate its Chrome web browser business from the rest of the portfolio.
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