Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an 87 % share of the worldwide research industry. The company has diversified far past search engines of the past two decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a selection of other businesses. 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. In addition, the company renders considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that provide internet platforms for connecting individuals with information and relevant advertising, digital content and application platforms, enterprise cloud services, and more. 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 that beat analysts’ estimates by a wide 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 increased advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by a rise in advertiser invest on Youtube and Search as well as continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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