Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an 87 % share of the world-wide lookup market. The company has diversified far past search engines in the past 2 decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, in addition to a number of other companies. Alphabet is actually 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. Additionally, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving automobiles, and other technology initiatives.
Alphabet competes with companies that will offer online platforms for connecting folks with information and application platforms, digital content, and relevant advertising, enterprise cloud services, and other things. Main 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 which beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue even surpassed expectations. Net income, revenue, and also cloud revenue all rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by a growth in advertiser spend on Search and Youtube as well as continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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