2q21 net profit was USD 18.525 billion, up 166% year-on-year From Alphabet

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On July 28, 2021, Google parent company alphabet released its second quarter financial report as of June 30, 2021 on Tuesday. According to the financial report, the revenue of alphabet in the second quarter was US $61.88 billion, an increase of 62% over US $38.297 billion in the same period last year, and the market is expected to be US $56.03 billion; The net profit was US $18.525 billion, an increase of 166% over US $6.959 billion in the same period last year; Alpha’s second quarter earnings per share were $27.26, compared with $10.13 in the same period last year.

Key results of alphabet in the second quarter

The total revenue of alphabet in the second quarter was US $61.88 billion, an increase of 62% over US $38.297 billion in the same period last year. According to the fixed exchange rate, the total revenue of alphabet in the second quarter will increase by 57% year-on-year.

According to US GAAP, the operating profit of alphabet in the second quarter was US $19.361 billion, with an operating profit margin of 31%; The operating profit of alphabet in the same period last year was US $6.383 billion, with an operating profit margin of 17%.

According to US GAAP, the net profit of alphabet in the second quarter was US $18.525 billion, an increase of 166% over US $6.959 billion in the same period last year.

According to U.S. GAAP, the earnings per share (including the impact of net profit or net loss from discontinued operations) of class A, class B and class c common shares of alphabet in the second quarter was $27.26, and the earnings per share of class A, class B and class c common shares in the same period last year was $10.13.

On the company’s performance in the second quarter, Sundar Pichai, chief executive of alphabet, said: “in the second quarter, online activities showed an upward trend in many parts of the world. We are proud that our services have helped so many consumers and enterprises. Our long-term investments in artificial intelligence and Google cloud are helping us drive significant improvements in everyone’s digital experience. “

Ruth Porat, Google’s chief financial officer, said: “our strong revenue of $61.9 billion in the second quarter reflects the increase in consumers’ online activities and the broad increase in advertisers’ spending. Similarly, we benefit from the excellent execution of the team. “

Alpha Q2 financial analysis

The revenue of alphabet in the second quarter was US $61.88 billion, an increase of 62% over US $38.297 billion in the same period last year; According to the fixed exchange rate, the total revenue of alphabet in the second quarter will increase by 57% year-on-year.

The total cost and expenditure of alphabet in the second quarter was $42.519 billion, up from $31.914 billion in the same period last year. Among them, the revenue cost was US $26.227 billion, higher than the revenue cost of US $18.553 billion in the same period last year; R & D expenditure was US $7.675 billion, higher than US $6.875 billion in the same period last year; Sales and marketing expenditure was US $5.276 billion, higher than US $3.901 billion in the same period last year; General and administrative expenditure was $3.341 billion, up from $2.585 billion in the same period last year.

According to US GAAP, the net profit of alphabet in the second quarter was US $18.525 billion, an increase of 166% compared with us $6.959 billion in the same period last year.

Google’s second quarter results

Google’s revenue in the second quarter was $61.688 billion, up from $38.149 billion in the same period last year.

Google’s total advertising revenue in the second quarter was $50.444 billion, up from $29.867 billion in the same period last year. Among them, Google’s search and other revenue was US $35.845 billion, higher than US $21.319 billion in the same period last year; YouTube’s advertising revenue was $702 million, up from $3.812 billion in the same period last year; Google’s network revenue was $7.597 billion, up from $4.736 billion in the same period last year.

Google’s other revenue in the second quarter was $6.623 billion, up from $5.124 billion in the same period last year.

Google’s operating profit in the second quarter was $22.343 billion, up from $9.539 billion in the same period last year.

Other business

The second quarter revenue of other businesses was $192 million, up from $148 million in the same period last year.

The operating loss of other businesses in the second quarter was US $1.398 billion, compared with us $1.116 billion in the same period last year.

stock repurchase

In April 2021, the board of directors of alphabet authorized the company to repurchase $50 billion worth of class c common shares. On July 22, 2021, the board of directors of the company approved the amendment to the stock repurchase plan, allowing the company to repurchase class A and class C shares in a manner consistent with the best interests of the company and its shareholders.

Share price performance:

Alphabet shares fell $56.96, or 2.04%, to $2735.93 in regular trading on the Nasdaq stock market on Tuesday. At press time, the company’s share price rose $27.49, or 1.00%, to $2763.42 in after hours trading. In the past 52 weeks, the lowest share price of alphabet was $1406.55 and the highest share price was $2800.22. According to Tuesday’s closing price, the market value of alphabet is $1.795 trillion.

Via Tencent technology read more: Alphabet: 1q20’s revenue in the first quarter was US $41.159 billion, an increase of 13% year-on-year. Google’s parent company alphabet: 2q20’s net profit was US $6.959 billion, a decrease of 30% year-on-year. Google: 1q21’s revenue was US $55.314 billion, net profit was US $17.93 billion. Alphabet: 3q20 earnings conference call record will continue to make large-scale investment in Google cloud. Alphabet: 4q20’s revenue was US $56.898 billion, an increase year-on-year Long 23% alphabet: 3q20’s revenue was $46.173 billion, up 14% year-on-year. Google’s parent company: 4q20 teleconference record. With the recovery of user activities, advertising investment is also slowly recovering. Baidu: 3q20’s net profit was $2.015 billion, and its performance reversed year-on-year. Baidu: 4q20’s revenue was 30.3 billion yuan. In 2020, the annual revenue was 107.1 billion yuan. Google: 4q17’s revenue growth could not stop the decline of profits, The contribution of new business revenue is still insignificant. Alphabet: 1q20 earnings conference call is still recruiting new employees, but the speed is slowing down. Baidu: 4q20 earnings conference call has determined the CEO and brand of electric vehicle company. Google: 1q21 earnings interpretation YouTube’s influence increment is better than that of TV e-commerce, with outstanding performance. Google: parent company alphabet reported 1q19 revenue of 36.3 billion Baidu: 2q20 revenue of 26.03 billion yuan Year on year growth of 187%

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