Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an 87 % share of the global lookup industry. The company has diversified much beyond search engines of the past 2 years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, in addition to a number of other businesses. Alphabet is 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. Additionally, the company makes considerable investments in the Stadia cloud gaming system, Waymo self-driving vehicles, and other technology initiatives.
Alphabet competes with companies that will provide online platforms for connecting people with information and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. Major 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 twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, and cloud revenue each rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by a growth in advertiser invest in Youtube and Search as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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