News

Alphabet's Q1 Earnings Shows How Google Makes Profit From Startups And Sales

Google garnered a big profit from its Uber and Airbnb investments

Google Earning

Alphabet, Google’s parent company shared it's Q1 2018 earnings and reveals the boosting figures from sales and startup investments. According to the first-quarter earnings call, the company has raised $9.51 billion of revenue comparing to last year's $5.4 billion. With this quarter venue increment, the company’s overall revenue reached to $31.15 billion from $24.75 billion which was recorded a year ago. However, the growth of 5 percent in operating margin still missed the expectation due to the increased expenses of the company. 

The total revenue hike of the company has been pushed by different segments accordingly. From the advertising business, Google has generated $27 billion in the Q1 compared to the $21.4 billion which was the figure of the year-ago quarter. On the other, Google’s network section has contributed $4.6 billion up from the $4 billion in the previous year’s Q1. Alphabet has also added Nest, the smart-home device maker under Google’s leadership. This means the sales profit of the device makers also been calculated under Google's collection. The profits from Nest are accounted for as ‘Other Bets’. 

With the addition of Nest, the revenue from Other Bets has hiked up to $150 million from $131 billion in the year-ago quarter and also experienced fall in operating loss from $703 million to $571 million. 

Google was successful in driving a substantial amount of profit from its startup investment like Uber and Airbnb. Collectively the company has generated $2.4 billion from its both the startup investment. In spite of gains, Google has heavily spent the capital on different services and products last quarter. This includes spending $1.1 billion for acquiring 2,000 employees in Taiwan from HTC Corp and buying streaming rights for YouTube’s new TV service. In addition, at the Google centers, there were installations of new powerful computers, Google assistant helper, and another service within the Google Cloud Storage. 

Google investors are highly expecting from ‘other bets’ generated revenue this year. As the other bets also include Waymo, self-driving service which can bring a noticeable profit to the company’s collection once its services hit the market. 
 

Manish
Written By
Manish

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

Understanding the Basics of Virtual Reality Development for Mobile Apps

4 min read  

Virtual reality is one of the most amazing trends in the world of technology. Touted as the immediate future of the market, there is no doubt that it is expanding.The reach of virtual reality app development is currently spreading in the industries these days.There are several VR devices suc

News

Uber Rolls Out a New Feature for Trucking Apps

4 min read  

Uber freight app for iOS & Android is all set to add two innovative features for the users. The freight service was rolled out back in May, and this innovative feature is all set to make the app much more innovative for the users. The features are meant to make it easy for the drivers to be in t

News

PUBG vs Fortnite: Which Of The Battle Royale Big Hitters Is Best For Mobile?

4 min read  

When it comes to discussing the biggest trends in gaming in the past 12 months, one issue which has to be considered is the rise of the battle royale genre.The "last man standing" survival concept has featured as a mode in a number of games down the years, but it has only recently take

News

Amazon Pushes Voice Control To Its iOS Alexa App

4 min read  

Amazon finally brings voice control for Alexa on iOS devices. The company has updated Alexa app for iOS devices that will allow the users to give voice commands. With the help of the new feature, the iOS users can control the smart home appliances and will be able to directly ask questions to Alexa.

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.