Google's parent company made a profit despite a multi-billion bill from the European Commission



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MENLO PARK, July 24 (WebNoviny.sk) – Google parent company AlphaBet Inc. reported second-quarter profit, despite posting a negative $ 5.1 billion dollars. USD to cover the fine of Google by the European Regulatory Agency

Alphabet revenues for April to June amounted to $ 3.2 billion. USD. Without taking into account the fine, the profit would be $ 11.75 per share, which surpasses the expectations of analysts who expected on average $ 9.45 per share

last week, the European Commission to conclude that Google requires mobile device manufacturers using its free Android operating system to install Chrome, Search and Play Store. Some observers have speculated that the EC ruling would prevent Google from continuing to provide free Android, which would make smartphones cheaper and offer Google more advertising opportunities.

However, Google CEO Sundar Pichai denied these fears. "I am convinced that we can find a way for Android to be accessible to everyone," he said.

(1969006)

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