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Google Parent Caps Blockbuster Year With Sales Gains

Google Parent Caps Blockbuster Year With Sales Gains
Copyright  David Paul Morris/Bloomberg News
By Dow Jones & Company

Google parent Alphabet Inc. posted another quarter of strong sales growth, capping a year when profit nearly doubled despite mounting regulatory pressure that threatens the search giant’s future.

The company’s dominance in online search, video and internet ad sales made it one of last year’s leading beneficiaries of an upswing in digital advertising. Last year, small and large businesses alike flooded into the ad market in a bid to win customers who spent early parts of the pandemic sequestered in their homes .

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