Google Parent Alphabet Beats Holiday-Quarter Earnings Expectations

Google parent beats Q4 estimates stock still drops

Alphabet reported most of its profits from sales from Google and its advertising units, which brought in about 32.64 billion in the fourth quarter.

The company reported net income of $8.95 billion, or $12.77 per Class A and B common share and Class C capital share, in the quarter ended December 31, compared with a loss of $3.02 billion, or $4.35 per share, a year earlier when it recorded a one-time tax charge of $9.9 billion.

Overall, Alphabet recorded $39.3 billion in revenue during the fourth quarter, with Google's advertising business accounting for the vast majority of that revenue. Figures for the company year-over-year are up nearly across the board, with the notable exception of Google's traffic acquisition costs (TAC) and operating losses for Google's "Other bets" category.

The company has authorized a plan to buy back an additional $12.5 billion worth of its shares, Porat said. Losses in the category aren't uncommon since the other bets category is understood to be an umbrella for Alphabet's long-shot, experimental projects.

Alphabet Inc. (NASDAQ: GOOGL) is set to report fourth-quarter and full-year results after the closing bell Monday. YouTube's share of Google's net ad revenue worldwide remains at 11%.

"Google saw a steep decline in operating margins", said Richard Kramer, analyst at Arete Research "They have plenty of cash to invest, and $7 billion in capex is a huge spend".

Microsoft's Project xCloud Will Connect Xbox Live to iOS, Android and Switch
As reported by Windows Central , Microsoft is said to be planning to unveil this functionality during the Game Developer Conference (GDC) in March.

Expenses rose to $31 billion compared with $24.6 billion in the same period a year ago. And it would be short-sighted to count Google out, though Amazon and Microsoft's businesses are larger.

Money spent on Google hardware, such as Pixel smartphones or Nest smart home devices, was also a factor along with investments in datacenters essential to Google's growing cloud computing business. Revenues from Other Bets were just $154 million, with operating loss reaching $1.328 billion.

Alphabet reported that Google's capital expenditures more than doubled. Alphabet's profits were thinner because of its investment in cloud services. Google Chief Executive Sundar Pichai told analysts the number of people shopping on Google.com each day during the holidays doubled over past year. The three largest advertisers, according to Ad Exchanger, were Geico, Samsung and Disney, which together accounted for 15% of all advertising previous year.

'Acquisitions are an attractive complement to what we do to drive organic growth.

Cloud engineers and sales professionals also made up the bulk of the 4,000 employees it hired during the quarter, Porat said.

Related News:



Most liked

Kiki Bertens sets up final with Donna Vekic
The Croatian player is 2-4 in finals and 1-3 on hard courts, with her sole win on that surface coming at the 2014 Malaysian Open. It became a lot easier for Bertens in the second set as she broke Sabalenka twice and went on to complete a facile win.

Dancing dragons and lions ring in Lunar New Year in Argentina
In anticipation, millions of Chinese people have taken part in the largest annual human migration to their hometowns. Parades and lion dances in Western cities such as NY and London were expected to draw large crowds.

Demi Lovato deletes Twitter account
Demi Lovato has deleted her Twitter account after facing backlash for a tweet about rapper 21 Savage . Lovato entered rehab for a third time in August 2018 after suffering an alleged drug overdose .

'Fortnite' collabs with Marshmello for a live in-game concert. Seriously.
There's another item included in this package is Mello Rider which is a Glider tweaked in Marshmello Style. The Showtime Venue will be the destination for the game's first live and in-game concert.

It’s wrong of Krish to attack me: Kangana Ranaut
She did not even spare writer Apurva Asrani, who had accused Ranaut of discrediting his work on their 2017 film " Simran ". Kangana told a reporter as she was exiting the Mumbai airport on Friday, "It is wrong of Krish to attack me like that".

We rearrange President Trump's workday schedule to make him more productive
In January 2018 , a similar leak to the same publication introduced "executive time" to an incredulous world. That usually begins with the president receiving his intelligence briefing.

HPV vaccine is safe, says cancer agency, slams 'unfounded rumours'
Kujundžić said an increase in breast cancer screening rates from the current 60 to 80% would save 3,000 lives in Croatia annually. Whilst science has advanced and deaths from cancer continue to decline, it still remains one of the biggest killers in the UK.

Samsung Galaxy S10E official renders leaked!
So long as Samsung can provide a good reason to buy the S10E over the XR, I can see more people choosing this device over Apple's. Ahead of February 20th first preview press conference event, Samsung Galaxy F foldable phone video leaked online accidently.

WhatsApp for iPhone Gets Face ID, Touch ID Biometric Authentication
This option can be accessed by navigating to Settings Account Privacy within the application and enabling the Screen Lock feature. This is useful to keep your sensitive chat messages safe especially when you pass the phone to someone for a short while.

Israel begins construction of new 6-meter tall Gaza border barrier
Israel says its actions are necessary to defend the border and stop mass incursions into its territory. Israeli forces stopped armed terrorists who penetrated across the Gaza border into Israel .

'Young & the Restless' Actor Dies at 52
A friend of St John's came by his home in San Fernando Valley, California , to check on him on Sunday and discovered his body. No parent should ever have to bury their child, and for those who do, it is a nightmare that haunts you forever.

Celebs Boycott Super Bowl With #ImWithKap
Celebrities, athletes and activists used social media to share their support for Colin Kaepernick before the Super Bowl on Sunday. Gisele and the rest of the Brady bunch have always been the 41-year-old's biggest supporters on and off the field.

Iraqi president says Trump did not ask permission to 'watch Iran'
Trump said that the US troops in Syria were starting to come home, as they push out the "final remainder of the [IS] caliphate". We have an unbelievable and expensive military base built in Iraq.

Gladys Knight's National Anthem at Super Bowl 2019
Similarly praising her class, another Super Bowl viewer said: 'Gladys Knight rocked the National Anthem with style and grace. The prop actually opened at 1:47, which was a fairly aggressive prediction for the national anthem.

Hakeem Al-Araibi to remain in Thai prison
Araibi was convicted of vandalizing a police station in Bahrain and was sentenced to 10 years in prison in absentia. Within days the red notice was lifted, but Thai authorities instead pointed to an extradition request by Bahrain.