: Google made a lot more profit, and spent a LOT more money — here’s why

Alphabet Inc. reported a huge swing in profit and spending Monday, with earnings jumping more than 70% in the first quarter and capital expenditures nearly tripling from the year before.

In typical Alphabet GOOGL, -4.77%GOOG, -4.45% fashion, executives on the earnings call late Monday did not offer much in the way of detail, but what they said in their reports and statements helped to show the reason for the big changes. Earnings jumped because a change in accounting rules forced the company to recognize the rough value of its stake in the ride-hailing giant Uber Technologies Inc.

>>> Original Source <<<