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Alphabet: DoJ ruling better than feared

Alphabet looks to have dodged a regulatory bullet as US judge’s rulings in antitrust case were milder than feared.
Alphabet- advertising revenue misses expectations

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Alphabet has received a court ruling on several remedies as part of the longstanding antitrust case brought by the US Department of Justice.

The decision introduces modest pro-competition measures, like banning exclusivity deals (including for AI) and limited data sharing. But the proposed remedies avoid structural changes, allowing Alphabet to keep Chrome and continue paying to have Google as the default search engine on Apple devices.

The shares rose 5.8% in overnight trading.

Our view

HL view to follow.

Alphabet key facts

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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment.No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication.Non - independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place(including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing.Please see our full non - independent research disclosure for more information.
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Written by
Matt-Britzman
Matt Britzman
Senior Equity Analyst

Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.

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Article history
Published: 3rd September 2025