Alphabet paid Google CEO Sundar Pichai $200M in 2016

Ad revenues were $21.4 billion, a 19 percent increase over Q1 2015. Moreover, the $610.51 billion business observed 49.4% YoY growth in its non-advertising revenues, which consists of Pixel smartphones, cloud computing, and Play Store. Numerous world's largest companies announced they would pause ads on the platform until the company made changes.

Google parent company Alphabet Inc delivered its first-quarter earnings for the year on Thursday that met analysts estimates sending its shares up by more than 4% during the after-hours trading.

Alphabet released its latest earnings report after closing bell tonight, posting earnings of $7.73 per share on $24.7 billion in revenue.

Alphabet chief financial officer Ruth Porat claimed that the fast-rising advertising revenues enabled Google to channel investment into other activities, especially cloud and hardware.

Alphabet reported a 22.2 percent increase in first-quarter revenue compared to a year ago.

"We believe Google will continue to gain traction in the cloud market, and when combined with Google Play and sales of Google's hardware products, we see Google's "other" revenue growing 38 percent to almost $14 billion in 2017", Morningstar analyst Ali Mogharabi wrote in a client note.

The two companies accounted for 99% of the industry growth in digital advertising in 2016, Pivotal Research said in a report this week, demonstrating market power that some advertisers complain amounts to a duopoly.

Google's revenue rose 22.2% to $24.75 billion from $20.26 billion in the quarter ended March 31. The company delivered $24.75 billion in revenue.

Alphabet's category called "Other Bets" - which includes more risky projects like Google X, Nest, Life Sciences unit Verily, self-driving unit Waymo, and more - posted revenue of $244 million on an operating loss of $855 million.

"One of the things I've noticed is the depth of relationships we have with our advertisers was very evident to me as we went through this over the past few weeks", he explained. While co-founder Larry Page shifted to head new businesses under Alphabet, Pichai takes care of all things Google.

Sundar Pichai, the India-born CEO of Google, saw his compensation nearly double to $200 million in (calendar year) 2016, the spike coming mainly from stock awards.