Alphabet Stuns Wall Street With First-Ever Dividend and $70B Buyback!
- Arethon
- Jul 24
- 2 min read
In its latest Google earnings report, Alphabet posted massive profits of $23.7 billion for the quarter. That’s much more than what Wall Street experts expected. The announcement instantly affected the GOOG stock price, sending it sharply upward. These strong results covered Google’s core businesses: ads, YouTube, and cloud services.
KEY TAKEAWAYS
Alphabet stock jumped after a record-breaking Google earnings report and new dividend announcement.
GOOG stockholders will now receive the company’s first-ever dividend.
A massive $70 billion stock buyback is underway.
Strong performance in ads, cloud services, and AI tools pushed the Google stock price higher.
Alphabet Declares Its First-Ever Dividend
For the first time in its history, Alphabet stock will now pay a cash dividend. Every shareholder of GOOG will receive 20 cents per share. While many tech companies avoid dividends to reinvest money into growth, this move signals confidence from Google’s leadership and gives investors a reason to celebrate.
$70 Billion Google Stock Buyback Plan Announced
Alongside the dividend, Alphabet also announced a $70 billion stock buyback. This means the company will repurchase its own shares from the market. Stock buybacks usually increase the Alphabet stock price, because they reduce the number of shares available — making each remaining share more valuable.
What Drove Google’s Success This Quarter?
Three big forces helped Google outperform this quarter:
YouTube ad revenue grew faster than anyone predicted.
Google Cloud saw solid expansion and higher earnings.
New AI tools like Gemini were added across Google products, boosting investor excitement about future growth.
🧠 AI and the Future of Google
During the Google earnings call, executives highlighted their plans to integrate AI into more Google products. This includes tools like Gemini, which help users write, plan, and automate work. As the AI race heats up, Google wants to stay ahead — and the market is reacting positively to that goal.
📉 Alphabet Stock Price Continues to Climb
Since the report was released, both Google stock and Alphabet stock price have climbed steadily. The buzz around GOOG stock, GOOGL earnings, and the company’s long-term AI plans has created optimism among investors. The next Google earnings call is expected to reveal more about how AI will shape Google's future.
Disclaimer: This content is meant for informational use only and should not be interpreted as financial advice or a recommendation to trade any securities. Please do your own research or speak with a qualified expert before making any investment choices.
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