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Alphabet, the parent company of Internet search giant Google, has exceeded its revenue targets in the last three months of the year.
Google's action was down 2.65% in transactions after normal office hours.
The company's net business turnover grew 23% in the fourth quarter compared with last year, but its payments to partners increased by 26%. At the same time, losses related to the collection of subsidiaries, including Waymo and Verily, were the strongest in two years, almost doubling from the previous year.
While Google's earnings per share were well above Wall Street's targets, the company said $ 4 billion of its surprise was due to "unrealized net gains on equity investments we hold that could not be finally realized.
Here's what Alphabet has reported:
- Net income (excluding TAC): $ 31.69 billion, up 23% year-over-year, compared with badysts' forecasts of $ 31.33 billion.
- Q4 EPS (GAAP): $ 12.77 vs. $ 10.86 USD forecast by badysts.
- Other betting income: $ 154 million versus $ 131 million last year
- Other loss of operation: ($ 1.328 billion) compared to $ (748) million last year
- Traffic Acquisition Costs (TAC): $ 7.4 billion, or 23% of advertising revenue.
- TAC to distribution partners: $ 3.506 billion, up 26% from the previous year
- employees: 98,771 people, adding more than 4,000 employees to its payroll in the fourth quarter
We will cover the fourth quarter results of Alphabet Live at the time of publication. Click Refresh or click here for the latest updates.
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