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, the 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 increased expenses of the company. 

The total revenue hike of the company has been pushed by different segments accordingly. From 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, the 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 the Google’s leadership. This means the sales profit of the device makers also been calculated under Google's collection. The profits from Nest is accounted 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 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

Everything You Want To Know About The New PUBG Mobile Update Sanhok

2 min read  

PUBG is the name that is in constant discussion among the gamers community across the world. After its release on the Android and iOS, the craze level of PUBG has reached to another level. Taking all this into consideration, the PUBG developers have released a new update that has brought a new set o

News

Android Malware Tricked More Than Half A Million To Download Affected Apps

4 min read  

The Android users now need to be more careful about what they download from the Google Play Store as we have just witnessed a huge outbreak of Android malware. This Android malware has reached over half a million mobile app users straight from the app store as people installed the affected mobile ga

News

How To Download And Use TweakBox App Installer

4 min read  

TweakBox is one of the most popular third-party app installers, with hundreds of apps, games, tweaks, modified content and more. It is free to use; it doesn’t require Cydia so keep reading to find out how to download it.How to Download TweakBox?Here’s how you can easily download

News

Now Instagram Let’s You Share Songs You Shazam

2 min read  

There is no stopping to Instagram. Every other week, the photo and video-sharing social networking service are coming with some or the other feature. In one such new move, Apple-owned Shazam app now let the user share songs that they Shazam directly to their Instagram Stories.The new update has

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