Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the worldwide search industry. The company has diversified far beyond engines like google of the past 2 years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a selection of other companies. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company makes considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that will offer internet platforms for connecting people with information and relevant advertising, digital content and application platforms, enterprise cloud services, and more. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and some.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue and cloud revenue even surpassed expectations. Net income, revenue, and also cloud revenue all rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror broad based growth led by a growth in advertiser spend on Search and Youtube plus continued strength in google Cloud and Play,” stated CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading skills to the test with our FREE Stock Simulator. Compete with a huge number of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual setting before you begin risking your own money. Practice trading tactics so that when you are willing to enter the actual market, you have had the practice you would like.