Alphabet Inc. was originally founded as a search engine company in 1998 under the identity 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 world-wide research market. The company has diversified far beyond search engines of the past two years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a selection of other businesses. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue with the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Moreover, the company makes considerable investments in the Stadia cloud gaming system, Waymo self driving automobiles, and other technology initiatives.
Alphabet competes with businesses that offer online platforms for connecting individuals with information and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Major 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 large margin. Both total revenue and cloud revenue even 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 an increase in advertiser spend on Youtube and Search plus continued strength in google Cloud and Play,” said CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading abilities to the test with our FREE Stock Simulator. Compete with a huge number of Investopedia traders and trade the path to the top! Submit trades in a virtual environment before you start risking the own dollars of yours. Practice trading techniques so that when you’re prepared to enter the actual market, you have had the training you need.