Well into its second decade, #google’s business is still booming
October 27, 2016 | Uncategorized
Alphabet, the holding company formed around Google, reported its third quarter earnings today. The company grew its revenue 20 percent over the same period last year, to $22.45 billion. Its profit also improved, climbing 27 percent over the same period last year to $5 billion. These numbers were only slightly better than analysts expectations, and shares of Google didn’t move much in after-hours trading. But its nonetheless impressive that a company in its 18th year is still posting such strong and continuous growth in both revenue and profits.
Google is really the only company making money at Alphabet, and advertising still makes up the vast majority of Google’s revenue. Other revenues, which includes things like hardware sales, now…
