2 hours agoGoogle owner sees pandemiia, profits up 162 percent
Periskopi(5 years ago)
(5 years ago)The company “Alpebet”, which owns the famous “Google”, it set a record of profit, as people locked up in their homes during the pandemic used its services most. Net profits rose by 162 percent and went to a record 17.9 billion dollars in the first three months of this [...]
Net profit rose by 162 percent and went to a record 17.9 billion dollars in the first three months of this year, after advertising revenues increased for a third, the BBC reports Express.
Record figures were marked at the time when the technology giant is facing increased surveillance about its power and when the pandemic has turned people from the Internet more than ever before.
“over the past year, people have been turned to Google Search and many online services to stay informed, connected and entertained”, said company chief executive “Albet” and “Google”, Sundar Pichai.
Analysts have been expecting good performance of this company, because economies around the world have continued to reopen, boosting more spending on online advertising.
Reflecting this situation, Google Search's revenues rose by 30 percent to $39 billion in the first quarter of the year, while YouTube sales increased 49 percent to $6 billion.
