Google’s parent company, Alphabet, makes over $36 billion in Q1 2019


Today, the parent company of Google, Alphabet, released its first-quarter earnings report for the fiscal year ending March 31, 2019. According to the report, Alphabet’s total revenue for the first quarter is $36.339 billion, an increase of 17% from $31.146 billion in the same period last year. The impact of exchange rate fluctuations was 19% year-on-year.

alphabet

According to US GAAP, Alphabet first-quarter net profit (which included the impact of fines) is $6.657 billion, down 29% from $9.401 billion in the same period last year. Excluding the impact of fines, Alphabet’s first-quarter net profit is $8.339 billion, down 11% from the same period last year.

As for Alphabet’s Google division’s first-quarter website pay-per-click (including clicks related to ads on Alphabet’s own and operated websites in various regions, as well as other YouTube-based ads including search, TrueView, Google Maps and Google Finance), the number of clicks on operating websites increased by 39% compared with the same period last year and decreased by 9% compared with the previous quarter. Google’ website pay-per-click decreased by 19% compared with the same period of the previous year and increased by 5% compared with the previous quarter.

It is worth mentioning that because of Android monopoly, they were fined €1.5 billion by the European Union (EU) which also affected the new financial report.

Source/VIA :
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