Google Inc. reported its first-quarter earnings Thursday after spending a day on the market.
The stock surged 1.4% to $26.20.
It beat analysts’ expectations for a profit of $3.75 billion and said it will keep making new investments as the company expands its business.
Google said it has invested $100 billion in artificial intelligence research, robotics and other technologies.
The search giant said it is also expanding its business of delivering Internet-connected devices, computers and other products, including smartphones and wearable computers.
“We’re focused on the future of personal computing,” Google Chairman Eric Schmidt said in a conference call.
The company said it had revenue of $1.5 trillion for the quarter ended Dec. 31, up from $1 trillion a year earlier.
Google also reported a net loss of $539 million, or 8 cents a share, compared with a profit for the same period last year.
Google’s revenue fell 4% to 9.35 billion, according to FactSet.
Revenue fell 2% to 2.7 billion.
Alphabet, Google’s parent company, reported a loss of 10 cents a year.
Alphabet’s revenue rose to $3 billion, up 27% from the year before, according the company.
Alphabet said it would spend $3 trillion in the next 12 months.
Revenues rose 11% to 13.3 billion.
Google said it raised $1 billion from investors including SoftBank Group Corp. and Goldman Sachs Group Inc. Alphabet has raised $8 billion since it started operations in 1998.