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Social media stocks rise as Alphabet surpasses Q1 ad sales estimates

Published 25/04/2025, 10:28
© Reuters.
GOOGL
1.11%
META
1.04%
SNAP
1.51%
PINS
-0.85%

Investing.com -- Shares of social media companies increased in premarket trading, following Alphabet (NASDAQ:GOOGL) exceeding first quarter advertising sales forecasts.

Meta Platforms (NASDAQ:META) saw a 3.6% rise, while image-sharing site Pinterest (NYSE:PINS) experienced a 4.9% uptick, and shares of Snapchat owner Snap rose by 2.5% in Friday’s premarket trade.

The revenue from Google’s advertising business, which contributes to nearly three-quarters of its total revenue, climbed 8.5% to $66.89 billion for the quarter.

This rise surpassed analysts’ predictions of a 7.7% increase.

Alphabet stated that its investments in artificial intelligence (AI) were driving returns in its advertising business.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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