Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an 87 % share of the worldwide search market. The company has diversified much beyond search engines in the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, and a selection of other businesses. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Additionally, the company has made considerable investments in the Stadia cloud gaming system, Waymo self driving vehicles, and other technology initiatives.
Alphabet competes with businesses that offer internet platforms for connecting men and women with info and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. 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 which beat analysts’ estimates by a wide margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, and also cloud revenue all rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by a rise in advertiser spend on Search and Youtube and also continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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