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. 
 

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

5G Summit 2018, South Korea: 5G Industry Event

2 min read  

This year, 5G Summit South Korea will hold the most valuable industry event where you can meet the entire wireless ecosystem. 5G Summit 2018, to be hosted in Daegu, South Korea, is the largest unbiased mobile industry event, engaging mobile broadband professionals and the software and hardware compa

News

Fortnite Update 7.10 Patch Notes Revealed!

2 min read  

Epic Games keeps the festive celebration going by treating its players with a Fortnite 7.10 update. The update has come across all platforms like PS4, iOS, and Android, Xbox One, PC, Nintendo Switch.The Fortnite official Twitter account has confirmed the news:“The first Content Updat

News

WhatsApp Turned Status Feature Colorful With New Update

4 min read  

WhatsApp is finally rolling out its new feature which will enable the users to update their status by adding different colours to it. The instant messenger was testing the feature in beta version for a while, but now start enrolling it. The new attribute lets the user update colorful status with the

News

Facebook Brings On New Dating App Feature For The Users

4 min read  

Now finding love will not be that difficult. If you are a Facebook user, soon you will be introduced to a feature that will let you find love online. In the annual two-day event where developers came together to explore the future of technology, Facebook highlighted a number of tools and initiatives

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.