Google parent Alphabet beats quarterly revenue estimates

(Reuters) - Google parent Alphabet Inc beat analysts’ estimates for quarterly revenue on Tuesday, as the internet’s biggest supplier of search and video ads benefited from a rebound in ad spending.

Revenue rose to $55.31 billion in the first quarter from $41.16 billion a year earlier.

Analysts had expected revenue of $51.70 billion, according to IBES data from Refinitiv.

(Reporting by Subrat Patnaik in Bengaluru and Paresh Dave in Oakland, Calif.; Editing by Devika Syamnath)

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