Alphabet logs $39.3 bn in revenue on Google ad business


Google's advertising business accounted for $32.6 billion of Alphabet's overall revenue. The company's shares slipped in late trading.

One growing contributor to the company's revenue is Google's hardware business.

The Google name is displayed outside the company's office in London, Britain. "This reflects our outlook for global growth in ads, search, YouTube and cloud". Porat said headcount growth should moderate in 2019.

Google is asking investors to trust that investments in future growth will pay off, but the company discloses limited financial details on its newer initiatives. Alphabet's profits were thinner because of its investment in cloud services.

What do Alphabet's Q4 results mean for their share price?

Earlier, they closed at $1,141.42 in regular NY trading.

Fourth-quarter sales, minus fees paid to partners, climbed 23 percent to $31.84 billion, the internet giant said in a statement Monday. That compared to analyst estimates of $7.69-billion, or $10.87 per share.

Alphabet-Google's parent company-today announced that a net profit of $8.9 billion on revenues of $39.3 billion in the quarter ending December 31.

Alphabet and Google, in particular, had a rollercoaster year in 2018 in terms of publicity.

Not surprisingly, Google Home was the breakout hit for the company over the holiday season.

Concerns appear to be around how much Google is able to charge advertisers for ads. Last month, French privacy regulators fined Google 50 million euros ($57 million) for not giving consumers enough information when it asked them to sign over access to their information.

The loss a year ago related to a one-time charge from new USA tax rules, while earnings since then have benefited from new rules about valuing Alphabet's dozens of investments in external startups. "The fundamentals of their advertising business remain intact".

Greene and incoming Google Cloud CEO Thomas Kurian, a longtime Oracle Corp. Revenues from its cloud business, hardware sales and Play, its music and media service, were $6.4bn.

Pichai highlighted YouTube as one of the company's success stories, saying the number of YouTube channels with more than 1 million subscribers almost doubled in 2018. It also includes Verily and Waymo, health and driverless cars, respectively.

For all that, investors apparently expected a little more operating income, which at $8.2 billion came in a bit short of the $8.6 billion consensus.

Alphabet shares were down 3.3 percent to $1,103.50 in after-market trades that followed release of the earnings figures from the final three months of past year.

'Acquisitions are an attractive complement to what we do to drive organic growth. The three largest advertisers, according to Ad Exchanger, were Geico, Samsung and Disney, which together accounted for 15% of all advertising a year ago.