GoogleandYouTubeparentAlphabetblew away Wall Street estimates with revenue up 15% to $80.5 billion driven by strong ad growth.
The company also announced a major milestone, its first ever dividend of 20 cents a share in June.
The stock is up more than 12% after market close.
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YouTube ads topped $8 billion, up from $6.7 billion.
Google Search is the bulk of ads, at $46 billion, up from $40.3 billion.
Google Services sales rose, as did Cloud Services.
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Alphabet also authorized a buyback of up to another $70 billion shares.
Meta shares tanked after its quarterly report as it shared spending plans around artificial intelligence.
The stock drove others in the sector lower for most of today before a recovery late in the session.
Alphabets numbers are clearly a relief.
