Tech & Science Google mother Alphabet increases profit to 11.2 billion dollars
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Google parent Alphabet Inc on Thursday returned to sales growth in the third quarter, beating analysts' estimates, as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet's biggest supplier of ads.
Alphabet reported third-quarter profit of .25 billion or .40 per share, up from last year's profit of .07 billion or .12 per share. "Total revenues of . 2 billion in the third quarter reflect broad based growth led by an increase in advertiser spend in Search and YouTube as well as continued
After the corona crisis had at times significantly burdened Google's advertising revenues, Alphabet's main source of income is now booming again. The US Internet giant increased profits and revenues in the last quarter more than expected - which is well received by investors.
Booming advertising income and a strong cloud business resulted in a leap in profits at Google's parent company Alphabet in the third quarter, despite the corona pandemic. The net result shot up by almost 60 percent year-on-year to 11.2 billion US dollars (9.6 billion euros), as the Internet giant announced on Thursday after the US market closed in Mountain View. Revenues grew 14 percent to $ 46.2 billion.
Google mother Alphabet exceeds estimates - Alphabet shares in demand
The balance sheet of the IT giant Alphabet for the third quarter of 2020 at a glance. © Provided by Finanz.net SAEED KHAN / AFP / Getty Images Booming advertising revenues and a strong cloud business caused the tills to ring at the Google parent company Alphabet in the third quarter despite the corona pandemic. Net profit shot up by almost 60 percent year-on-year to $ 11.2 billion (€ 9.6 billion), as the Internet giant announced on Thursday after the US market closed in Mountain View.
Alphabet today announced Q3 2020 earnings with . 2 billion in revenue. These numbers range from July to September, and includes the continuing impact of COVID-19. Revenue is up 14% from .5 billion in Q3 2019, with operating income at $ 11 . 2 billion and net income also at
Google parent Alphabet Inc
posted a surge in profit and revenue on Thursday as its A Google search page is seen through a magnifying glass in this photo illustration taken in Berlin, August 11, 2015. Alphabet ’s profit beat Wall Street estimates and rose 29 percent to .43 billion , a
After a setback in the previous quarter, Google's advertising business - Alphabet's main source of income - was up and running again and contributed the largest share of sales with 37.1 billion dollars. In addition, the advertising revenues of the video subsidiary Youtube and the cloud business with IT services and storage space on the Internet also flourished. The results clearly exceeded expectations, and the share reacted after the hours with a price jump of over seven percent.
Video: Microsoft increases sales thanks to the corona crisis (glomex)Strong quarter for Alphabet
"We had a strong quarter," said CEO Sundar Pichai. The day before, he had to justify himself in addition to his Facebook and Twitter counterparts Mark Zuckerberg and Jack Dorsey in the US Senate. A few days before the US election, representatives of President Donald Trump's Republican Party accused “Big Tech” managers of suppressing conservative views on their platforms and threatened them with stricter laws.
Last week, theaccusing Google of illegally exploiting its market power in Internet search and related advertising. The quarterly figures underline this dominance once again. But Alphabet also delivered brilliant numbers in almost every business area. Even bets on future technologies such as self-driving cars, which are accounted for as “other bets”, posted a considerable increase in sales. dpa
T-Mobile US raises forecast significantly .
The Deutsche Telekom subsidiary T-Mobile US continues to defy the corona crisis after taking over smaller rival Sprint. After the third quarter, T-Mobile US boss Mike Sievert raised the targets for operating profit and customer growth, which Deutsche Telekom had often followed suit in the past. © Christoph Dernbach / dpa The cell phone provider T-Mobile US advertises in New York.
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Google parent Alphabet Inc on Thursday returned to sales growth in the third quarter, beating analysts' estimates, as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet's biggest supplier of ads. finance.yahoo.com
Alphabet reported third-quarter profit of $11.25 billion or $16.40 per share, up from last year's profit of $7.07 billion or $10.12 per share. "Total revenues of $46. 2 billion in the third quarter reflect broad based growth led by an increase in advertiser spend in Search and YouTube as well as continued markets.businessinsider.com
Alphabet today announced Q3 2020 earnings with $46. 2 billion in revenue. These numbers range from July to September, and includes the continuing impact of COVID-19. Revenue is up 14% from $40.5 billion in Q3 2019, with operating income at $ 11 . 2 billion and net income also at 9to5google.com
Google parent Alphabet Inc
Shares of Google parent company Alphabet rose after the company reported an earnings and revenue beat for its second quarter of 2019. Investors were disappointed last quarter by Google 's decelerating revenue growth. Google now faces the threat of antitrust action as the Department of Justice is www.cnbc.com
Alphabet ’s stock fell as much as 4% in after hours trading after it reported it missed analyst expectations and posted a 23% decline in profit as it faces rising expenses. Google ’s parent company posted earnings of $10.12 per share in its third quarter, lower than the $12.42 per share expected.
Alphabet , whose principal business is Google , fell short on the top line in the third quarter of 2018 but dramatically exceeded earnings per share expectations, turning in a net profit Alphabet Q3 revenue was $33.7 billion , up 21% year over year but below Wall Street consensus estimate of $34.04 billion .
Google parent Alphabet 's shares roared almost eight per cent higher in post-session trading after the firm blew analysts' expectations out of the water. Facebook reported a 22 per cent rise in revenues to £16.6 billion ($21. 2 billion ) and a 29 per cent rise in profits to £6. 1 billion ($7.84 billion ).
Google parent company Alphabet is buying Fitbit. The acquisition pits Alphabet against fellow tech giant Apple in the wearable fitness tracking space. The deal values Fitbit around $2. 1 billion at a fully diluted equity value, according to Friday's announcement.
Alphabet will realize EU fine, new rules could eventually force Google to disclose YouTube Don’t miss: An obscure accounting change could boost Amazon, Starbucks, Wal-Mart profits by hundreds The Estimize consensus also calls for revenue of $20.9 billion . Alphabet has surpassed revenue