Google might be threatened with a breakup after losing two antitrust cases, but in the meantime it can console itself with piles of money.

Alphabet, Google’s parent company, on Thursday posted revenue of $90.23 billion for the first quarter, up 12 percent from a year earlier. Net income was $34.54 billion, up from $23.66 billion. Earnings per share were $2.81.

The revenue was more or less what analysts had expected, but the bottom line was considerably better. Analysts had projected revenue of $89.15 billion for the quarter, with earnings per share of $2.02.

Sundar Pichai, Google’s chief executive, said in a statement that the impressive results “reflect healthy growth and momentum across the business.”

The Mountain View, Calif., company also said it was raising its dividend 5 percent and authorized a $70 billion stock buyback. The stock, which had puttered modestly upward before the earnings release, rose in after-hours trading.

For Google, the year had been off to a bad start, with its shares at one point down about 25 percent. One reason was the economic turmoil induced by President Trump’s zeal for tariffs. The Chinese e-commerce companies Temu and Shein, for example, are significant advertisers on Google. With a trade war blossoming between China and the United States, they are buying fewer ads.

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