Tiger Brokers

BUZZ-Social media stocks climb after Alphabet surpasses ad revenue expectations

Reuters
Apr 25, 2025
BUZZ-Social media stocks climb after Alphabet surpasses ad revenue expectations

** Shares of social media firms rise premarket after Google parent and YouTube-owner Alphabet GOOGL.O beat Q1 ad sales estimates

** Instagram-parent Meta Platforms META.O up 4.3%, image-sharing platform Pinterest PINS.N up 4.5% and Snapchat-owner Snap SNAP.N rises 2.5%

** Revenue from Google's ad business, which makes up nearly three-quarters of its overall revenue, rose 8.5% to $66.89 billion in the quarter, above analysts' estimates of 7.7% rise

** GOOGL said its AI investments were powering returns at its ad business

** SNAP, META set to report results next Tuesday and Wednesday, respectively, while PINS is expected to post earnings on May 9 - LSEG data

** YTD, PINS down 11.2%, SNAP down 22.7%, META down 8.9%, while Alphabet is down 15.9%

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10