There are hundreds of companies that have greatly reduced or stopped their activities due to the global pandemic. However, Google’s parent company, Alphabet, is one of the organizations that survived the problem with the least damage. In particular, according to the financial reports shared, the company manages to surprise even the analysts who make predictions about the subject with the revenues it earns.
Alphabet’s financial reports for the second quarter of 2021 were shared in the past months. Accordingly, the company drastically reduced Google Cloud’s loss of $1.4 billion last year, upsetting its growth and revenue forecasts. Recently, the company’s financial data for the third quarter of 2021 were announced. The resulting picture is quite similar to the previous one…
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Alphabet generated $65.1 billion in third quarter revenue
Alphabet’s financial report covering the third quarter of the year was published recently. While the company’s financial results in this quarter surprised even expert analysts, it was determined that sales increased by 41 percent compared to the previous year, reaching up to $ 65.1 billion in revenue. In addition, the company’s net income rose to $18.9 billion.
Undoubtedly, the Google ADS details attracted the most attention in the shared report. Accordingly, Alphabet; It generated $53.1 billion in total revenue from Google Search, YouTube Ads and Google Network divisions. According to Philipp Schindler, a Google official who made statements on the subject, consumers are now starting to turn to trending digital purchases.
On the other hand, Google according to media reports revealed that Apple’s towards the middle started to use iOS 14.5-updated this year and may decide to whether to follow the actions of users of the application “Application monitoring transparency” feature seems to be too much unaffected.
Because Snapcat, which recently published its revenue reports covering the third quarter of 2021, was greatly affected by the feature in question and experienced a serious decrease in revenues. Even the company’s CEO, Evan Spiegel, told Apple ”This is absolutely frustrating for usIt was loaded with expressions like ”. The same is true for Facebook.
According to the financial report, Alphabet was only affected by the App tracking transparency feature on the YouTube side. However, the company does not worry too much about this situation as it is a positive step for user privacy.