With a profit of almost 19 billion dollars, Google parent Alphabet can look back on a successful quarter – the corona pandemic continues to play into the cards of the US company.
The Google parent Alphabet continues to benefit massively from the digitization of life in the corona pandemic. In the last quarter the turnover of the Internet group rose year-on-year by 41 percent to a good 65.1 billion dollars (56.1 billion euros).
In terms of profit, there was a jump from $ 11.2 billion to $ 18.9 billion, as Alphabet announced after the US market closed.
As usual, Google’s advertising business contributed the lion’s share of the business with $ 53.1 billion. While the ads around Google’s search engine are still the mainstay, the importance of the YouTube video platform has also increased. Its advertising revenue increased from $ 5 billion to $ 7.2 billion. The business with cloud services, in which Google wants to catch up with Amazon, grew by around 45 percent to almost five billion dollars.
As before, Alphabets other subsidiaries with self-driving cars or delivery drones make little revenue – but high losses. The collected revenues of these divisions hardly increased with a plus of 178 to 182 million dollars. They brought in an operating loss of around 1.29 billion dollars – after a loss of 1.1 billion dollars a year ago.
While Alphabet exceeded the analysts’ forecasts with its figures for the past quarter, the share temporarily fell by around two percent in after-hours trading.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
