Google parent Alphabet Inc. on Thursday posted a sharp increase in first-quarter revenue, continuing a trend of rapid growth seemingly unscathed by boycotts from some of its major advertisers.

Alphabet said net revenue rose 22% to $24.75 billion from a year earlier, beating Wall Street estimates of $24.22 billion, according to Thomson Reuters. First-quarter profit rose 29% to $5.43 billion, or $7.73 a share, from $4.21 billion in the same quarter last year. Analysts had expected $7.39 per share.

...