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| The alphabet is preparing for a more difficult step in the next three months |
Alphabet, the parent company of Google, announced first-quarter earnings 2020, including sales of $ 41.2 billion, $ 6.8 billion in net sales, and $ 36 in sales. $ 3 billion and net income $ 8.3 billion in the first quarter of 2019.
Google ads accounted for 82% of Alphabet's total revenue and generated $ 33.8 billion. Analysts had expected the company to generate sales of $ 40.3 billion, which exceeded analysts' expectations.
Due to the impact of global epidemics on advertising, many people have been waiting for alphabetical financial statements to determine the extent of damage to the entire industry. Looking at the quarter that ended in March, you are only showing what will happen.
The economic slowdown will happen in the second quarter:
Although Alphabet revenue increased 13% year after year in the first quarter of 2020, the company's chief financial officer, Ruth Porat, warned of the performance: "In the first two months of the quarter, we saw a one-month drop in performance-related advertising revenue." "
Data collection costs increased 8.6% to $ 7.45 billion. Google has pushed partners to make their search engine the benchmark for web and mobile browsers.
The company expects that the advertising campaigns will be difficult in the second quarter of this year, but due to the changes, it is too early to comment on them. Alphabet increased its workforce by 19% to 123,048 employees in the first quarter of 2020 and started its business. The employment rate is slow.
Google Cloud:
Google Cloud faces tough battles with AWS and Microsoft Azure. In addition to (G Suite), this segment also includes income from Google Cloud Platform, which makes it difficult to compare with other public cloud service providers.
The company said that the Google Meet platform, the competition for the Zoom platform, was growing rapidly. The platform now adds nearly 3 million new users every day, and its usage has increased 30 times since January. There are now over 100 million Google Meet participants every day. at.
(Google Cloud) First-quarter sales were around $ 2.78 billion, up 52% from $ 1.83 billion in the first quarter of 2019.
The YouTube:
YouTube advertising revenue was $ 4.04 billion in the first quarter of 2020, up 33% from $ 3.03 billion in the first quarter of 2019.
Other Google:
(Google Others) Quarterly sales reached $ 4.4 billion, an increase of 22%, including YouTube subscriptions to music services, paid TV services and hardware sales (for example (such as Chromebooks and Pixel phones and products)) (nested) revenue like home speaker Smartphone.
Other bets:
Losses in other bets always outweigh the gains. Other bets performed worse in the first quarter of 2020 compared to the first quarter of 2019. Revenue decreased by 21% to $ 135 million in the first quarter of 2020 while losses increased by 29%. At $ 1.1 billion.
Other bets include other companies under Alphabet, including Calico, (CapitalG), (DeepMind), (GV), (Google Fiber), (Jigsaw), (Loon), (Makani), (Sidewalk Labs), (Truly) And (Waymo), (Wing), (X).
Other betting areas show how much Alphabet has invested in their research projects, but there are no exact numbers that show the cost of different projects like driverless cars, internet balloons, and anti-aging laboratories, and if one of these projects is profitable. the number.