Business

Alphabet logs $39.3 bn in revenue on Google ad business

Agency | February 05, 2019 11:09 AM

SAN FRANCISCO: Riding on Google's robust ad business, the parent company Alphabet has logged $39.3 billion in revenue for the fourth quarter of 2018 -- an increase of 22 per cent from the same period a year ago.

Google's advertising business accounted for $32.6 billion of Alphabet's overall revenue.

"In 2018 we delivered strong revenue growth, up 23 per cent year over year to $136.8 billion, and up 22 per cent for the fourth quarter to $39.3 billion," Ruth Porat, Chief Financial Officer of Alphabet and Google, said in a statement on Monday.

Alphabet's traffic and acquisition cost were $7.4 billion, up from $6.5 billion a year ago.

"With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe," Porat added.

The company which now has 98,771 employees globally reported a net income of $8.94 billion for the fourth quarter.

Other revenue -- which includes hardware, Play Store, and Google Cloud enterprise efforts -- reported $6.4 billion. Alphabet did not separately disclose how much its Cloud business contributed to this quarter's revenue.

Have something to say? Post your comment
Must Read
Smuggling through border cannot be fully stopped, says BGB
Smuggling through border cannot be fully stopped, says BGB
'Batla House': Nora Fatehi steals the show with recreated version of 'O Saki Saki'
'Batla House': Nora Fatehi steals the show with recreated version of 'O Saki Saki'
Kumar Keshav, the man behind success of Lucknow Metro
Kumar Keshav, the man behind success of Lucknow Metro
 DC Exhorts students to be Ambassadors of conserving the water table in District by participating Zealously in ‘Jal Shakti Abhiyan’
DC Exhorts students to be Ambassadors of conserving the water table in District by participating Zealously in ‘Jal Shakti Abhiyan’
Nutritious and Delicious Kiwifruit from Chile makes deeper inroads into Indian Market
Nutritious and Delicious Kiwifruit from Chile makes deeper inroads into Indian Market
Defence Min issues Rs 2000 cr tender for critical heavyweight torpedoes for submarines
Defence Min issues Rs 2000 cr tender for critical heavyweight torpedoes for submarines
I will come to India in another 24 hours: IMA founder Mansoor Khan
I will come to India in another 24 hours: IMA founder Mansoor Khan
Maharani The Kitchen offers you the Best Royal Cuisine in Delhi/NCR
Maharani The Kitchen offers you the Best Royal Cuisine in Delhi/NCR
Rohit Sharma feels cricket rules need 'serious look in'
Rohit Sharma feels cricket rules need 'serious look in'
I'm not a perfect role model, says Neymar
I'm not a perfect role model, says Neymar
No proposal under govt's consideration for special category status to Odisha: Anurag Thakur
No proposal under govt's consideration for special category status to Odisha: Anurag Thakur
Pro-Khalistani leaders continue to hold key positions in PSGPC
Pro-Khalistani leaders continue to hold key positions in PSGPC