Alphabet revenue soars by 34%, driven by strong Google business

NEW YORK-NEW YORK-APRIL 13: A Google logo is seen at their Corporate Office on April 13, 2021 in New York. More than 300 corporates including Google and Mc Donalds are pushing the Biden administration to almost double the United States target for cutting the planet warming emissions, ahead global summit on climate change in 2021. (Photo by John Smith/VIEWpress)

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Alphabet released todayFinancial report, Showing that their income in the past quarter was US$55.3 billion, an increase of 34% over the same period last year, far exceeding Wall Street’s expectations of 25%. Net income has more than doubled growth, from only 6.8 billion last year to 17.9 billion US dollars this year. Not surprisingly, it was still driven by the new crown epidemic.

The revenue of Google’s products has increased significantly. The advertising revenue of the YouTube platform alone has reached 6 billion US dollars, and the Google cloud service has also brought more than 4 billion US dollars. Alphabet’s other subsidiaries, including Waymo and Verily, continue to grow, bringing in total revenue of approximately US$60 million, but still have a loss of US$1.1 billion after deducting costs.

However, the next thing to note is that Google Chrome has begun to block the use of third-party cookie tracking technology. The name is to increase user privacy, but it will also seriously affect other small advertisers. Related actions have touched the US Department of Justiceattention.

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