Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the world-wide lookup industry. The company has diversified much past engines like google in the past two decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, in addition to a number of other companies. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, and other technology initiatives.
Alphabet competes with companies that offer internet platforms for connecting people with information and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Major competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), while others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue each rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by a growth in advertiser spend on Youtube and Search and also continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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