Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an 87 % share of the global research industry. The company has diversified far past engines like google of the past two decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a number of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue with the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Also, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving automobiles, along with other technology initiatives.
Alphabet competes with businesses that provide online platforms for connecting individuals with info and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. 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 that beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue each rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by a growth in advertiser spend on Search and Youtube as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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