{"id":239739,"date":"2021-04-28T10:17:06","date_gmt":"2021-04-28T10:17:06","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=315878"},"modified":"2021-04-28T10:17:06","modified_gmt":"2021-04-28T10:17:06","slug":"alphabet-boosted-by-pandemic-easing-measures","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/04\/28\/alphabet-boosted-by-pandemic-easing-measures\/","title":{"rendered":"Alphabet boosted by pandemic-easing measures"},"content":{"rendered":"

<\/p>\n

\tAlphabet pointed to elevated consumer activity online as a major factor behind record net profit in Q1, with Google\u2019s advertising business surging following increased spending from companies as global economies open up.<\/p>\n

CFO Ruth Porat used Alphabet’s earnings call to explain the strong financial results reflected the impact of Covid-19 (coronavirus) on its business beginning in March 2020, along with broad strength in advertising.<\/p>\n

\u201cIt is too early to say how durable this consumer behaviour will be as economies recover and restrictions on mobility are lifted,\u201d she added.<\/p>\n

Google posted a record $17.9 billion net profit, up 162 per cent year-on-year, on revenue of $55.3 billion, 34 per cent higher.<\/p>\n

Advertising was the main driver of revenue, increasing from $33.8 billion in Q1 2020 to $44.7 billion, with YouTube ads up from $4 billion to $6 billion.<\/p>\n

Revenue from Google Cloud followed the trend, increasing from $2.8 billion to $4 billion. Other Bets, which includes health unit Verily and automated vehicle business Waymo, went from $135 million to $198 million.<\/p>\n

Its non-search business, covering Android marketplace and hardware including Pixel phones and its Home smart speakers, grew 46 per cent to $6.5 billion.<\/p>\n

Separately, Alphabet announced a $50 billion share buyback programme.<\/p>\n\n

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Alphabet pointed to elevated consumer activity online as a major factor behind record net profit …<\/p>\n

The post Alphabet boosted by pandemic-easing measures<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Alphabet boosted by pandemic-easing measures - ITTeacherITFreelance.hk","description":"Alphabet pointed to elevated consumer activity online as a major factor behind record net profit ... The post Alphabet boosted by pandemic-easing measures appea"},"footnotes":""},"categories":[11,12,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/239739"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=239739"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/239739\/revisions"}],"predecessor-version":[{"id":239740,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/239739\/revisions\/239740"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=239739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=239739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=239739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}