When large companies report on their profits, this is not just an event, but rather a signal to the market. The only way to understand where the industry is moving in General. Today on its financial performance reported by Google, which includes Google, YouTube and others. Of course, this company cannot operate at a loss. She and her services have shown a profit, which is billions of dollars. Exactly how much I earned each of them? A lot or a little? What to do with this information? What to expect from Google and YouTube? Let’s understand this and to understand what lies behind the dry figures in the report.
Financial statements Google
Large companies publish their statements in order to her could see shareholders. This is done every quarter and the report contains information about the main activities. Profit, revenue, and so on. The report is a very large thing that can answer many questions, but most of all clarity often making just a couple of positions. In order not to overload the article and your Friday night extra figures, I shall endeavour to explain as briefly as possible.
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Google, which includes Google and other companies, this time reported for the second quarter, which was very ambiguous from the point of view of the market. The pandemic has confused many cards that users could sit at home and consume the content doesn’t mean anything. In addition, it was the advertisers who were reluctant to fork out, and so talk about super-successful quarter is impossible.
How to earn Google, Google, and YouTube
For the period April-June 2020 the revenue of the entire Alphabet made up 38,94 billion dollars. It sounds like a lot, but in the previous quarter this indicator made 41,16 billion. This difference was not immaterial. We are only talking about revenue. The company’s profit is much more modest and amounted in the second quarter of 6.38 billion. This was at 6.84 billion.
If roughly, the difference of revenue from profit in that the former includes everything that was received by the company, and the second is what is left after paying all the necessary fees. This can be regarded as the amount that the company earned.
We work to help people, businesses and communities in these uncertain times, — said Sundar Pichai, Google’s CEO and Alphabet. — As soon as people are increasingly turning to online services, our platform — from cloud to Google Play and YouTube — helping our partners provide essential services and maintain their business.
In the second quarter, our total revenue was due to a gradual improvement in our advertising business and significant increase in the Google Cloud, as well as income from other products, said Ruth Porat, CFO of Google and Google — We continue to overcome challenging global economic conditions.
Income from Google ads has decreased by about 10 percent, but this decline was more or less offset by other services, companies, businesses which did a bit better. If we talk about this in more detail, it should be noted that the income from advertising on YouTube made up 3.81 billion dollars, at that time, as cloud storage has brought the company $ 3 billion in the second quarter.
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Other revenues Google
There is a separate column called “other Google revenue”. It includes income from equipment, Play Store and YouTube not advertising. This income amounted in the second quarter of 5.12 billion vs. 4.08 billion in the same quarter last year.
I want to mention that our team working with hardware continues to achieve good results, — said Pichai And I love the new devices that will appear this fall.
From this statement we can conclude that the company has something cooking for us and that for sure will be Google Pixel 5. And Sundar Pichai happy with them. Of course, this can not be said casually in an official statement, so this way he hinted to us for a speedy exit cool smartphone. Though, most likely, it will not be in absolute computing power, and the combination of factors — price and performance.
Is composed of Alphabet and other companieswho rarely bring big jackpot, but, Verily and Fiber made its $ 135 million into the General Treasury.
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All the numbers that the company called from the stage or from the screen, telling the world that the company overcomes the difficulties of development that is always there. This time the report gives us to understand that the global advertising market, which is the lion’s share of the profits of the company greatly subsided and losses could not be. However, development will not stop.
For the average user it’s more of an opportunity to wonder and imagine what turn their sums of the largest companies in the world, and investors a good or bad sign. In contrast to how they have evaluated the company’s chances for success and how they managed their investment activities. Now they have information and can make further decisions. We just continue to use the services. Moreover, such a company can hardly reduce expenses on their maintenance and development. So, everything will be fine. The crisis will end someday and everything will be as before.