Alphabet Announces Quarterly Results

Google parent company Alphabet today announced that it earned a net income of $17.9 billion on revenues of $55.3 billion in the quarter ending March 31. Both represent major gains over the year-ago quarter: Net income shot up by over 2.6 times, while revenues were up 34 percent.

“Over the last year, people have turned to Google Search and many online services to stay informed, connected[,] and entertained,” Alphabet and Google CEO Sundar Pichai said of the quarter. “We’ve continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations.”

$44.7 billion, or 81 percent of Alphabet’s revenues, came from Google’s advertising business. By comparison, Google’s “other” businesses delivered just $6.5 billion in revenues, and Google Cloud landed with $4 billion in revenues.

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Conversation 10 comments

  • jdmp10

    27 April, 2021 - 4:43 pm

    <p>Long short short, business as usual for Alphabet, by that I mean without their Ad business, they would be folding shop.</p>

    • locust_infested_orchard_inc.

      28 April, 2021 - 12:39 am

      <blockquote><em><a href="#625329">In reply to jdmp10:</a></em></blockquote><p>Recall that Adoogle is involved in one the 21st century's greatest evils to fall back upon should it exit the ad business – the business of trafficking, users' data trafficking.</p><p><br></p><p>So much for Google's former corporate motto of, "don't be evil".</p>

    • Paul Thurrott

      Premium Member
      28 April, 2021 - 9:23 am

      I’m not sure about that: 20 percent of $50 billion is still a lot of revenue. But it’s fair to say that Google’s business is largely related to the success of its advertising business.

      • bettyblue

        28 April, 2021 - 12:27 pm

        <blockquote><em><a href="#625386">In reply to paul-thurrott:</a></em></blockquote><p>True it would not fold up….but lots of people would be laid off and many buildings owned by them would shut down.</p>

  • jbinaz

    27 April, 2021 - 6:17 pm

    <p>Apparently, spying on people is profitable! ?</p>

  • bluvg

    27 April, 2021 - 7:16 pm

    <p>"Net income shot up by over 2.6 times"</p><p><br></p><p>Wowza. Does not having to keep the cafeteria stocked with free food really help that much?</p>

  • F4IL

    28 April, 2021 - 7:12 am

    <p><span style="color: rgb(0, 0, 0);">Apparently, t</span>heir advertising revenue was higher than all of msft.</p>

  • Greg Green

    28 April, 2021 - 9:11 am

    <blockquote><em><a href="#625353">In reply to locust_infested_orchard_inc.:</a></em></blockquote><p>Your more obsessed with apple than apple users. </p>

  • Greg Green

    28 April, 2021 - 9:12 am

    <p>Another company with net income really outpacing revenues. What’s the cause of this?</p>

    • wright_is

      Premium Member
      28 April, 2021 - 9:41 am

      <blockquote><em><a href="#625378">In reply to Greg Green:</a></em></blockquote><p>Capitalism.</p>


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