Google Alphabet Q2, 2019 Revenue Up 19pct to $38.9 Billion

Forum Moderators: goodroi

Message Too Old, No Replies

Google Alphabet Q2, 2019 Revenue Up 19pct to $38.9 Billion

engine

10:17 am on Jul 26, 2019 (gmt 0)

Alphabet reports Q2, 2019 revenues up 19% to $38.9 billion, with net income of $9.9 billion, up from 3.2 billion a year ago.

As usual, the vast majority of Alphabet's earnings come from Google's ad business, at $32.6 billion, with other revenues at $6.1 billion, although YouTube revenues are not separated, it's believed it's contributing significantly. Ruth Porat, Google's CFO, said about YouTube, "was the second largest driver of revenue growth."

Alphabet's "other bets" showed an increased operating loss to $989 million, up from $732 million.

PDF file [abc.xyz...]

Previous quarter Google Alphabet Q1, 2019 Results, 17pct up, at $36.34bn [webmasterworld.com]

Dimitri

1:48 pm on Jul 26, 2019 (gmt 0)

19% ? This is hugely disappointing ... in a world where Internet giants and silicon valley star-ups have to post increase of 20% each year at least ...

edit: when you go bellow 20% the end is nigh ...

tangor

2:15 am on Jul 27, 2019 (gmt 0)

I love the reporting of magic numbers! You kiddies know that most of the public reporting is smoke and mirrors, right?

Year end and the stock market are the numbers to track.

There are events, commissions, interrogations, and a number of other things that will occur in the roll up to 2020 that might affect these reported numbers significantly. After all, we are only in third quarter, 2019!

That said, g is healthy, and the operating loses reported are to reduce tax burdens for 2019 (and the bean counters have the documentation to prove it, probably).