Enterprise financial report

In 2021, Q1 alphabet’s net profit reached US $17.93 billion, up 162% year on year From Alpha financial report

The following is the In 2021, Q1 alphabet’s net profit reached US $17.93 billion, up 162% year on year From Alpha financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

According to reports, alphabet (the parent company of Google) today released its financial results for the first quarter of the 2021 fiscal year ending March 31. According to the report, Alpha’s total revenue in the first quarter was US $55.314 billion, an increase of 34% over US $41.159 billion in the same period last year, and a year-on-year increase of 32% excluding the impact of exchange rate changes; According to U.S. GAAP, alphabet’s net profit in the first quarter was $17.93 billion, up 162% from $6.836 billion in the same period last year.

Main achievements:

——Alpha’s total revenue in the first quarter was US $55.314 billion, up 34% from US $41.159 billion in the same period last year. Excluding the impact of exchange rate changes, Alpha’s revenue increased 32% year on year. Alpha calculates total revenue in accordance with U.S. GAAP, excluding TAC. Alpha’s first quarter traffic acquisition expenditure, that is, revenue shared with partners, was $9.712 billion;

——According to U.S. GAAP, alphabet’s operating profit in the first quarter was $16.437 billion, accounting for 30% of total revenue. According to US GAAP, alphabet’s operating profit in the same period last year was $7.977 billion, accounting for 19% of total revenue;

——According to U.S. GAAP, Alpha’s net profit in the first quarter was $17.93 billion, up 162% from $6.836 billion in the same period last year;

——According to US GAAP, Alpha’s diluted earnings per share in the first quarter were $26.29, compared with $9.87 in the same period last year. Alpha diluted 682 million shares in the first quarter, compared with 692 million shares in the same period last year.

Performance vs. analyst expectations:

Alpha’s total revenue in the first quarter was $41.159 billion, which exceeded analysts’ previous expectations. According to data provided by Yahoo Finance website, 27 analysts had expected alpha’s first quarter revenue to reach $51.68 billion on average. Alpha’s diluted earnings per share for the first quarter were $26.29, which beat analysts’ expectations. According to data provided by Yahoo Finance website, 28 analysts had expected alpha’s first quarter earnings per share to reach $15.88 on average. After the results, alphabet’s share price rose nearly 5% in after hours trading in New York.

Executive comments:

“In the past year, people have turned to Google search and many online services to get information, stay in touch and enjoy entertainment,” said alphabet CEO Sundar Pichai. We continue to focus on providing trustworthy services to help people around the world. Our cloud services are helping businesses large and small accelerate their digital transformation. “

Ruth Porat, CFO of alphabet, said: “total revenue of $55.3bn in the first quarter reflects an increase in online consumer activity and a broad increase in advertisers’ revenue. We are very pleased with the continued momentum of Google cloud, with revenue of $4 billion in the quarter, reflecting the strengths and opportunities of GCP and workspace. “

Financial analysis:

Alpha’s total revenue in the first quarter was $55.314 billion, up 34% from $41.159 billion in the same period last year. If the exchange rate remains the same as the same period last year (excluding benefits from the foreign exchange risk management program), Alpha’s first quarter revenue will grow by 32% year-on-year.

The revenue of Google search and other businesses of alpha’s Google division in the first quarter was $31.879 billion, up from $24.502 billion in the same period last year; YouTube’s advertising revenue was $6.005 billion, up from $4.038 billion in the same period last year.

Alpha’s Google division’s first quarter online revenue, that is, revenue generated by Google’s partner websites through the Adsense program, was $6.800 billion, up from $5.223 billion in the same period last year.

Alpha’s Google division’s advertising revenue in the first quarter, the sum of the above businesses, was $44.684 billion, up from $33.763 billion in the same period last year.

Other revenue for the Google division of alphabet was $6.494 billion in the first quarter, up from $4.435 billion in the same period last year.

Alpha’s Google division’s total service revenue in the first quarter (that is, the total revenue of the above businesses) was $51.178 billion, up from $38.198 billion in the same period last year.

Revenue from Google’s cloud business in the first quarter was $4.047 billion, up from $2.777 billion in the same period last year.

Alpha’s “other bets” revenue in the first quarter was $198 million, up from $135 million in the same period last year.

Alpha’s hedge loss in the first quarter was $109 million, compared with a year earlier gain of $49 million.

By region, Alpha’s revenue from EMEA (Europe, Middle East and Africa) in the first quarter was US $17.031 billion, up 33% year-on-year and down 1% month on month. According to the exchange rate of the first quarter of 2020, Alpha’s revenue from EMEA in the first quarter of 2020 was US $16.102 billion, a year-on-year increase of 25%, not in accordance with US GAAP (excluding the impact of exchange rate changes); At the exchange rate of the fourth quarter of 2020, Alpha’s revenue from EMEA in the first quarter was US $16.481 billion, down 4% on a month on month basis.

Alpha’s revenue from the Asia Pacific region in the first quarter was $10.455 billion, up 44% year on year and 6% month on month. According to the exchange rate of the first quarter of 2020, Alpha’s revenue from the Asia Pacific region in the first quarter of 2020 was US $10.092 billion, an increase of 39% year on year, not in accordance with US GAAP (excluding the impact of exchange rate changes); At the exchange rate of the fourth quarter of 2020, Alpha’s revenue from the Asia Pacific region in the first quarter was US $10.3 billion, up 4% on a month on month basis.

Alpha’s revenue from the United States in the first quarter was $25.032 billion, up 33% year on year and down 6% month on month.

In the first quarter, Alpha’s revenue from the rest of the Americas was $2.905 billion, up 35% year on year and down 5% month on month. According to the exchange rate of the first quarter of 2020, Alpha’s revenue from other regions of the Americas in the first quarter of 2020 was US $3096 million, up 44% year on year, not in accordance with US GAAP (excluding the impact of exchange rate changes); At the exchange rate of the fourth quarter of 2020, Alpha’s revenue from the rest of the Americas in the first quarter was $2.828 billion, down 7% on a month on month basis.

Alpha’s TAC, which is revenue shared with partners, was $9.712 billion in the first quarter, compared with $7.452 billion in the same period last year.

Alpha’s total costs and expenses in the first quarter were $38.877 billion, up from $33.182 billion in the same period last year. Among them, the revenue cost of alphabet in the first quarter was US $24.103 billion, higher than US $18.982 billion in the same period last year; R & D expenditure was $7.485 billion, up from $6.82 billion in the same period last year; Sales and marketing expenditures were US $4.516 billion, up from US $4.500 billion in the same period last year; General and administrative expenditure was $2773 million, down from $2880 million in the same period last year.

Alpha’s other income (net) was $4.846 billion in the first quarter, compared with other expenses (net) of $220 million in the same period last year.

According to U.S. GAAP, alphabet’s operating profit in the first quarter was $16.437 billion, accounting for 30% of total revenue. According to US GAAP, alphabet’s operating profit in the same period last year was $7.977 billion, accounting for 19% of its total revenue.

The operating profit of Google services division of alphabet in the first quarter was $19.546 billion, up from $11.548 billion in the same period last year; Google’s cloud division suffered an operating loss of $974 million in the first quarter, compared with $1.73 billion in the same period last year; Other bets had an operating loss of $1145 million in the first quarter, compared with $1121 million in the same period last year; Unallocated corporate expenses were $990 million in the first quarter, compared with $720 million in the same period last year.

According to U.S. GAAP, alphabet’s net profit in the first quarter was $17.93 billion, up 162% from $6.836 billion in the same period last year.

According to US GAAP, Alpha’s diluted earnings per share in the first quarter were $26.29, compared with $9.87 in the same period last year. Alpha diluted 682 million shares in the first quarter, compared with 692 million shares in the same period last year.

The total value of cash and cash equivalents held by alphabet as at March 31, 2021 was US $26.622 billion, compared with us $19.644 billion as at March 31, 2020.

As of March 31, 2021, alphabet employed 139995 full-time employees worldwide, compared with 123048 as of March 31, 2020.

Webcast and teleconference information:

Investors can visit investor.google.com, the investor relations channel of alphabet website, to listen to the webcast of the alphabet conference call, which will start at 4:30 p.m. EST on April 27 (4:30 a.m. Beijing time on April 28).

Stock price reaction:

On the same day, the shares of alphabet (NASDAQ: GOOG) fell $19.62, or 0.84%, to close at $2307.12 in regular NASDAQ trading. In the subsequent after hours trading up to 4:07 p.m. EDT on the 27th (4:07 a.m. Beijing time on the 28th), alphabet shares rose 109.39 US dollars, or 4.74%, to 2416.51 yuan. In the past 52 weeks, the highest price of alphabet was $2341.26 and the lowest price was $1232.20.

Read more: Alphabet financial report: net profit of Q3 alphabet in 2019 was US $7.068 billion, down 23% year on year. Alphabet financial report: revenue of Q2 alphabet in 2016 increased 21.3% year on year, exceeding analysts’ expectations. Chart of alphabet financial report: net profit of Q4 alphabet in 2019 was us $10.671 billion, up 19% year on year. Alphabet financial report: net profit of Q2 alphabet in 2016 was US $4.88 billion, up 24% year on year Report: net profit of Q3 alphabet in 2016 increased by US $5.06 billion, a year-on-year increase of 27% Google financial report: total revenue of alphabet in the second quarter of 2019 was US $38.944 billion, net profit was US $9.947 billion Game: 4q20’s revenue was $56.898 billion, up 23% year on year lphabet:1Q20 Revenue in the first quarter reached 41.159 billion US dollars, up 13% year on year A record high of $555 billion

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