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.


Please enter your comment!
Please enter your name here





Growing Demand & Audience Supplied

Although we are still dealing with the pandemic, companies are concerned that they may not be able to produce daily necessities fast enough to...

Billionaires Without School Degree

Did you know that "more than 1.3 million high school students in the United States drop out of school each year"? Considering that this...

Things To Keep In Mind Before Starting A Startup

things to keep in mind before starting a startup

Stocks To Look Out In May 2021

With the reopening of the economy, investors should now look for the top manufacturing stocks to buy on the stock exchange. The industry saw...

The Evolution of Marketing Funnels During the Harsh Times Of Pandemic

The COVID-19 pandemic has affected how marketers and advertisers strategize and implement marketing campaigns for their respective brands. Last year, the industry saw a...
adana eskort - eskişehir eskort - mersin eskort