3q20 revenue recovered to $46.2 billion and profits improved significantly From Alphabet
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The following is the 3q20 revenue recovered to $46.2 billion and profits improved significantly From Alphabet recommended by recordtrend.com. And this article belongs to the classification: cloud computing, Search Engines, network service.
According to the 3q20 financial report released by alphabet, the parent company of Google, the company’s revenue has climbed out of the shallow pit caused by the epidemic in the second quarter. The growth rate of revenue in the third quarter has changed from a negative growth in the second quarter to a year-on-year increase of 14% to 46.17 billion US dollars.
At the same time, the growth of operating expenses slowed down or decreased, which effectively improved the level of operating profit. The operating profit increased by 22% and the net profit increased by 59% year on year. Stimulated by the financial report, alphabet’s share price rose a lot before trading, but it did not rise too much due to the impact of the US election and the overall capital market environment. At present, the market value of alphabet is 1.1 trillion US dollars, and the PE TTM is about 31 times.
In terms of business, the revenue of alphabet mainly comes from Google business, in which Google advertising business contributes 80% of revenue, Google cloud and other revenue (play and video members) contribute 7% and 12% respectively. The growth of traditional search advertising business has slowed down to single digit, while the revenue growth of youtube, cloud computing and other businesses is relatively fast, which is the key force determining the medium and long-term growth of Google’s market value.
In terms of traditional search business, Google mainly through continuous investment in technology optimization, free help e-commerce to move goods to Google’s shopping function, and invest real money and silver to cooperate with news organizations to enhance the value of content, so as to continuously create the business’s help to users.
Cloud computing can be said to be the next hope of the whole village. In response to the demand for mobile office brought by the epidemic, Google cloud renamed g suite to Google workspace, which is a family barrel service for enterprise office. In addition to office functions similar to Microsoft, there are also popular video conference meet and other functions. This is Google’s competitive product directly with Microsoft and zoom. At present, the peak number of participants of Google meet is 235 million, and the duration of daily video conference is more than 7.5 billion minutes.
In terms of YouTube paid business, it currently has 30 million music and paid members, more than 35 million including paid experience, and Youtube TV now has more than 3 million paid subscribers. Google: 4q19 financial report teleconference record: Google cloud team plans to triple in three years Google’s cloud team plans to quadruple in three years Google: advertising business hinders the growth of alphabet4q19 revenue slows down to 17% compared with market expectations; Google’s advertising business growth slows down scores: is Google enough to monopolize comScore: US search share, Google continues to lead Jaffray: Siri’s accuracy in answering questions is only 62%, which is far from Google’s AWS technology summit More than 50 technical forums and more than 6000 professionals are expected to attend the 2018 Shanghai station, which will be the highest in China at the AWS technology summit. Google: Hot search list in 2019: 3q20 financial report teleconference record will continue to make large-scale investment in Google cloud Revenue of four cloud service Giants increased by 68% statista: Google is full of ambition in cloud service field Google: parent company alphabet reported revenue of 36.3 billion in 1q19
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