Google banks big in Alphabet’s post-pandemic-peak Q1 2021 earnings
During the height of the pandemic last year, Google was the rare tech giant that actually saw a revenue decline — the first in the company’s history — but only by 2 percent. To say Google has now recovered would be the understatement of the week: Alphabet’s just-released Q1 2021 earnings show it raking in a stunning amount of cash this spring, nearly as high as the all-time record revenues and profit it set last quarter.
Alphabet’s filing (PDF) shows revenues of $55.3 billion, nearly as much as the $56.9 billion it pulled in Q4 2020, alongside $17.9 billion in profit compared to $15.2 billion. That’s also 34 percent more revenue year over year, though that’s admittedly comparing to March 2020 when the effects of some pandemic shutdowns…