With the increase in sales Alphabet made big profits
With the increase in sales Alphabet made big profits

Alphabet recorded explosive growth in the first quarter of 2021, with sales of $ 55.31 billion, or about $ 56.9 billion, in the fourth quarter of 2020 and profits of $ 17.9 billion, compared to $ 15.2 billion in the same period of the previous year. last year.

Revenue grew 34% year-on-year, Google Cloud revenue was $ 4.05 billion, and YouTube ad revenue was $ 6.01 billion.

Google's revenue grew 34% year-over-year, and the company generated $ 44.68 billion in advertising revenue in the first quarter.

This number represents a significant increase from $ 33.76 billion in the same period last year, making it the fastest annual growth rate in at least four years.

Advertising on YouTube reached $ 6.01 billion this quarter, up 49% over the same period last year. This made it the platform that benefits most from the epidemic compared to other social media sites.

The rate of usage of this video platform has increased from 73% of adults in the US in 2019 to 81% of adults in 2021.

According to Alphabet, the "short" video received 6.5 billion views per day, up from 3.5 billion views at the end of January.

Google Cloud revenue grew 46% year-on-year to $ 4.05 billion. Google Cloud includes a data analytics platform, infrastructure, and collaboration tools like documents, spreadsheets, and other business services.

Alphabet also recorded a portion of a $ 4.84 billion investment in the third quarter.

The company's other gaming divisions, including Verily's health technology division and Waymo, lost nearly $ 1.15 billion in sales of $ 198 million.

How Google for Business devices perform remains unclear as Alphabet ranks it in the Google services category, which includes revenue from YouTube, Search, Advertising, Chrome, and Android software.

Previous Post Next Post