Google parent Alphabet posts record profits again

United Kingdom News News

Google parent Alphabet posts record profits again
United Kingdom Latest News,United Kingdom Headlines
  • 📰 SkyNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

Alphabet, the world's largest provider of search and video ads, saw its revenue rise to $65.1bn (£47.29bn), while Google's sales jumped 41% to $53.1bn (£38.58bn)

Google's parent company Alphabet recorded record profits for a third consecutive quarter, powered by a rise in advertising spending as more consumers shopped online during the pandemic.

Alphabet, the world's largest provider of search and video ads, saw its revenue rise to $65.1bn , while Google's sales jumped 41% to $53.1bn . Alphabet's shares have risen 24% in six months and 62% in the year to date, strongly outperforming the market as a whole, as consumers have spent more of their lives online during the pandemic.The US Department of Justice is preparing to sue Google over its advertising technology business practices citing antitrust violations. Pic: AP

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google parent Alphabet posts revenues of $65bn as ads move onlineGoogle parent Alphabet posts revenues of $65bn as ads move onlineProfits of $1bn on top of largest revenue figure in 14 years to continue big tech’s profitable march
Read more »

Google warns of burglary risk for your home after shocking trend spottedGoogle warns of burglary risk for your home after shocking trend spottedA SCARY Google Search trend might make you want to tighten up your home security. Google Trends data is said to show that phrases associated with robberies have increased in popularity. According t…
Read more »

Google parent Alphabet posts revenues of $65bn as ads move onlineGoogle parent Alphabet posts revenues of $65bn as ads move onlineProfits of $1bn on top of largest revenue figure in 14 years to continue big tech’s profitable march
Read more »

Harry Potter publisher reports record profits despite supply chain crisisHarry Potter publisher reports record profits despite supply chain crisisTitles such as Tom Kerridge’s latest cookbook prove popular for Bloomsbury during Covid crisis
Read more »

Ex-police sergeant put on sex offenders registerEx-police sergeant put on sex offenders registerPaul Bucknall, 52, sent indecent online messages to two undercover police officers posing as parents.
Read more »



Render Time: 2025-03-04 03:09:44