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.