Bottom line: Alphabet said revenue rose from $39.3 billion at the end of 2018 to $46.1 billion this year over the three month period ended December 31. While, net income rose from $8.9bn in the fourth quarter of 2018 to $10.7bn in the same time frame in 2019. Diluted earnings of $15.35 per share, up from $12.77 in the quarter of the year-ago.
Alphabet, best known as Google’s parent company and its subsidiaries, posted quarterly earnings on Monday for the period ending 31 December 2019.
As for the full fiscal year, we see that YouTube has an even greater impact on the firm’s bottom line. YouTube had been responsible for generating revenue of $11.2 billion last year. The figure had swelled to $15.2 billion this time around. Yet Alphabet has pulled in $8.92 billion in the cloud segment, up from just $5.84 billion in 2018. All around, these are big changes that Alphabet must be pleased with.
In 2019, Alphabet generated $161.9 billion versus $136.9 billion in 2018, and just $110.9 billion in 2017, looking at the overall fiscal year.
In after-hours trading, the share value in Alphabet is down 4.56 per cent. It’ll be fun to see what it’s doing in the morning once everybody has enough time to digest the article.