Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the world-wide research industry. The company has diversified much beyond engines like google in the past two decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, in addition to a number of other manufacturers. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. In addition, the company makes considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, along with other technology initiatives.
Alphabet competes with businesses that will provide online platforms for connecting individuals with info and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue each rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by a rise in advertiser spend in Youtube and Search as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
Fight Risk Free with $100,000 in Virtual Cash Put your trading capabilities to the test with the FREE Stock Simulator of ours. Compete with thousands of Investopedia traders and trade the path to the top! Submit trades in a virtual environment before you begin risking your own dollars. Training trading techniques so that when you are prepared to enter the true market, you have had the practice you would like.