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    Alphabet Financial Reporting for the First Quarter of 2021 - The fastest growing advertising revenue in the last four years
    4 Days, 13 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Alphabet  -  Google

    Alphabet - Google's parent company - released its financial report for the first quarter of this year (ended March 31, 2021) on Tuesday, April 27, 2021. According to the report, Alphabet earned $ 55.3 billion last quarter, up 34 percent from the company in the first quarter of 2020 ($ 41.2 billion). Over the past quarter, Alphabet has reported a significant improvement in its net and gross revenues, indicating that some industries are returning to normal. In addition, $ 50 billion was spent on repurchasing stocks, all of which increased the value of Alphabet shares by more than 4 percent.

    https://mobiletony.com Alphabet Financial Reporting for the First Quarter of 2021 - The fastest growing advertising revenue in the last four years

    Sundar Pichai, CEO of Alphabet & Google

    According to Ruth Porat, Chief Financial Officer of Alphabet, total revenue 55.3 $ 1 billion in the first quarter indicates an increase in online user activity and a massive increase in advertising revenue. Ruth Pourat, expressing satisfaction with the continued acceleration in Google Cloud, sees the $ 4 billion in revenue in this segment over the last quarter as a sign of the business's strength as well as the opportunity on both the Google Cloud and Workspace platforms. Alphabet's operating profit for the first quarter of 2021 (with a profit margin of 30%) was $ 16.4 billion and the company's net profit was $ 17.9 billion. For comparison, Alphabet's fourth-quarter net income and revenue were $ 56.9 billion and $ 15.2 billion, respectively. Alphabet revenue in the last quarter was about 3.6 billion higher than Wall Street analysts had estimated.

    Here's a look at the performance of the various parts of Alphabet in the first quarter of 2021:

    As always, advertising has been Alphabet's main source of revenue. According to a recent report, Google's advertising revenue in the first quarter was $ 44.68 billion. Comparing this figure with the 33.67 billion revenue of the advertising sector in the same quarter of last year, shows a significant growth and at least in the last four years, it is the fastest annual growth rate in this sector.

    Revenue from YouTube ads (which is a small part of Google ads) grew by 49% year-on-year to $ 6.01 billion. Among social media sites, YouTube can be considered the main winner of the Corona era. A report released by the Pew Research Center shows that American adult users' use of the video platform has increased from 73% in 2019 to 81% in 2021. Also, according to Sundar Pichai, daily views of YouTube Shorts - a major competitor to TickTook - increased from 3.5 billion views at the end of January to 6.5 billion views.

    https://mobiletony.com Alphabet Financial Reporting for the First Quarter of 2021 - The fastest growing advertising revenue in the last four years

    Some of Alphabet's revenue streams - including a health technology unit called Verily and a carmaker called Waymo - are presented in the company's financial report as Other Bets. In a recent report, Other Bets reported $ 198 million in revenue, but as in previous seasons, Total Other Bets' businesses lost money, costing Alphabet $ 1.15 billion.

    Over the past quarter, Alphabet has raised another $ 4.84 billion from the value added of some of its investments. Alphabet declined to name profitable investments, but most likely UiPath, Stripe and Oscar Health are among them. As mentioned in the introduction, Alphabet board members agreed to repurchase $ 50 billion worth of shares on April 23rd.

    In March of this year, Google announced its decision to invest $ 7 billion to expand its offices and data centers in 19 US states; A plan to create full-time jobs for at least 10,000 people. At the time of the announcement, we learned that Google had accepted the risk of reopening and had recruited its workforce, albeit with limited capacity. "Even with a hybrid work environment, we still need space, so we continue to build our campuses and office facilities," said Ruth Pourat, emphasizing Google's commitment to building and rebuilding its offices. According to him, the construction costs of Alphabet are expected to increase more rapidly in 2021, because the company intends to prepare its campuses for a combined work environment.

    Source: Alphabet





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