MarketWatch First Take: Google survives YouTube ad controversy, for now

Alphabet Inc. investors looking for any clarity on the effect of last month’s advertiser boycott on YouTube received the impression Thursday that the controversy had little impact on its results, at least this quarter.

Alphabet GOOG, +0.29% reported better-than-expected first quarter results Thursday, with revenue jumping 22% and beating analysts’ expectations. Alphabet shares added more than 4% in after-hours trading to top $900, a level it has never crested in regular trading, continuing a run that has seen Google’s parent company outpace the growth of the S&P 500 index SPX, +0.06%while topping a $600 billion market cap for the first time.

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