EFE.- The Internet giant Alphabet, Google’s parent company, announced this Tuesday earnings of $ 55.391 million between January and September, more than double the 25.042 million benefits achieved during the same period last year.
The company with the most used online search engine in the world had a turnover of 182,312 million during the first nine months of the year, the vast majority from advertising, well above the 125,629 entered between January and September 2020.
For their part, Alphabet investors pocketed $ 82.76 per share over the past nine months, compared to $ 36.69 a year ago.
The Mountain View, California-based firm saw its turnover increase in all its business segments, and in parallel it increased investment with an increase in long-term debt, which went from 13.932 million at the end of last year to the current 14,288.
Alphabet’s largest source of income is the sale of advertising space on its various online platforms, which accounts for more than 80% of total sales.
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In turn, within the advertising segment, the income derived from ads through Google are the highest (37.926 million in the last quarter), although those from the YouTube video portal, also owned, are gaining more and more ground.
Apart from advertising, the company also raises money through its cloud computing platform, Google Cloud, which in the past three months contributed $ 4.99 billion to the company’s coffers.
By markets, the United States is Alphabet’s main source of income (46% of the total), followed by the region comprised by Europe, the Middle East and Africa.
“Five years ago I detailed our vision to be a company in which artificial intelligence prevails. This quarter’s results show that our investments in this area are enabling us to build more useful products for people and for our partners, “said Alphabet CEO Sundar Pichai when he presented the accounts.
The good results of Alphabet, however, did not convince investors on Wall Street, and the company’s shares fell 1.35% to $ 2,749 per share in electronic operations after the close of the New York Stock Exchange.
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