Alphabet Still Makes $2.8 Billion AFTER The European Union Fines

How good was the last quarter for Google’s parent company Alphabet?  They still made $2.8 billion after you factor in the recent $5 billion fine from the European Union.  If that doesn’t impress you, then perhaps 26% growth year-over-year will do the trick.

It was a monster quarter for the Mountain View company.

Overall, the company had $32.7 billion in revenue (top line number) with a bottom line revenue number of $2.8 billion.  If you take out the European Union fine, Alphabet would have made just shy of $8 billion for the quarter which would have been around a billion more than the same quarter last year.

Breaking things down a bit further, Google was responsible for $28 billion in revenue and still is the bulk of the company’s business.  Other segments such as the hardware business and the Play Store brought in $4.4 billion while the long shot projects brought in about $145 million.

Ad revenue is still a staple item at the Google table and that doesn’t look to be changing any time soon. Paid Clicks were up 15% YoY.

You can read the full financial report here to get all the gory details.  No matter how you look at it or slice the pie, it was an amazing quarter for Alphabet and in particular Google.

%d bloggers like this: