Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an 87 % share of the global research market. The company has diversified far past search engines of the past 2 years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, in addition to a selection of other companies. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Furthermore, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, and other technology initiatives.
Alphabet competes with businesses that will offer internet platforms for connecting people with info and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. 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 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a wide margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue all rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by an increase in advertiser spend in Search and Youtube as well as continued strength in Play,” and google Cloud stated CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading capabilities to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual setting before you start risking the own money of yours. Practice trading tactics so that when you’re prepared to enter the actual market, you have had the training you need.