Google, which is giving deadlines for the closure of Hangouts and Google+; has just announced its economic results that reflect that the company won 22% more than last year.
Alphabet has published the results of the financial report for the fourth quarter of 2018, which reflect that Google increased its profits by 22 percent compared to the same quarter of 2017. Higher than Wall Street estimates, exceeded by more than 39.2 billion dollars, and report that Google obtained a total of 136.8 billion dollars in revenue during that period.
Google’s revenue in each of its core segments increased, including advertising revenues, property and other revenues that include its Pixel devices, Play Store or the Google Cloud service, among many others. This last unit reported 6.4 billion dollars, compared to 4.6 billion in the same quarter last year. Despite these good figures, Google shares have fallen after the publication of the financial report.
In the same way, the “other bets” analyzed in the report, which houses experimental projects such as those coming from Google’s X division, continue to lose money. For example, Alphabet reports that Verily and Fiber generated revenues of $ 154 million, a lower figure compared to the previous year.
Google’s revenue is very healthy, but the recent surge in competition and business costs are putting some investors on the alert. Alphabet will further break down the numbers of the report through a live broadcast on its YouTube channel.