Company exceeded Wall Street’s expectations with $55bn in revenue, even as it continued to face landmark antitrust lawsuits

Revenue for Google’s parent company, Alphabet, jumped by 34% on the previous year in the first quarter of 2021, the company announced on Tuesday, fueled in part by a sustained surge in ad sales during a pandemic that has seen people spending more time online.

The robust announcement provides the latest sign that advertisers are expecting the economy to roar back to life as more people get vaccinated, emerge from global lockdowns, and resume travel and spending. Google’s vast digital ad empire is now benefiting from that recovery.