Alphabet’s Record Profit

In its most recent financial reports for the first quarter ended March 31, Alphabet Inc. The parent company of search engine Google, posted record income.

Understanding a Company within a Company: What You Need to Know about Google  and Alphabet Inc - European Business Magazine

The company posted a net income of $17.93 billion, up significantly from $6.84 billion at the same time last year. Alphabet also saw a 34% rise in sales from $41.2 billion to $55.3 billion in the same period last year.

Also Read: Bad Content…A Serious Problem

The first quarter’s revenues were $31.9 billion, with Google search accounting for the bulk of them. Search produced $24.5 billion in revenue in the first quarter of last year.

“Over the last year, people have turned to Google Search and many online services to stay updated, linked, and entertained.”In a quote, Alphabet CEO Sundar Pichai said. “We’ve maintained our commitment to providing dependable services to people all over the world.”

Also Read: Bad Content…A Serious Problem

According to the company’s most recent financial report, YouTube ad revenues increased by 49% year over year to $6 billion in the first quarter of 2021. Google advertisements (which includes search and YouTube ads) accounted for $44.7 billion in revenue, accounting for more than 80% of Alphabet’s overall revenue.

Also Read: An Indonesian Submarine With 58 Crew Members Has Gone Missing, And The Navy Is Racing Against Time To Recover It.

“Total revenues of $55.3 billion in the first quarter represent elevated customer interest online and broad-based growth in advertiser sales,” said Ruth Porat, Alphabet’s chief financial officer.

Also Read: Employee-Customer Equation


The Entrepreneurs Diaries is now available on Telegram. Join our telegram channel to get instant updates from TED.

+ posts

Wall Street Journal Bestselling Author
Workplace Loneliness Expert
World-Renowned Generations & Future of Work Speaker

Subscribe

Related articles

Entrepreneur’s Diaries – 30 Under 30: Submit Yourself To Be Considered For The Class Of 2023

Nominations are now being accepted for the Class of 2023; if you know of an outstanding professional or entrepreneur in any of our 21 categories, please have them submitted to us by December 15, 2022.

Chatting With Comedian-Turned-Author Madison Malloy About Her First Published Book

We had the opportunity to interact with comedian turned author Madison Malloy about her journey from being a popular comedian to self-published author. She has published a new book titled “TIME TO LIGHTEN THE FUCK UP.” Below is the interview we are sharing with you in this article.