Revenue from activities other than the Google search engine (cloud computing services, device sales, music services, etc.) reached $ 6,4 billion.
Η Alphabet, Google's parent company, reported revenue of $ 8,9 billion in the fourth quarter of 2018 and revenue of $ 39,3 billion, up 22% from the same period in 2017.
Most of Alphabet's revenue ($ 32,6 billion) comes from advertising on Google, which controls about a third of the global digital advertising market. Advertising revenue increased by 20% compared to a year ago.
Revenue from activities other than the Google search engine (cloud computing services, device sales, music services, etc.) reached $ 6,4 billion.
However, although the financial results exceeded the expectations of Wall Street analysts, the company's shares moved down by about 3%.
The reason is that investors are worried about the big investment "openings" of Google in infrastructure and personnel, as the competition with other technology companies intensifies, especially Amazon, which still holds the leading position in the "cloud" (cloud computing). Markets are worried about whether all these costs will pay off.
Capital expenditures in the fourth quarter of 2018 reached 7,08 billion euros, increased by 64% compared to the fourth quarter of 2017, while total expenditures reached 31,07 billion dollars.
Google's group of employees reached nearly 99.000 at the end of 2018, up from 80.000 a year ago, according to Agence France-Presse and Reuters.
New hires, the cost of promoting Google's consumer devices, acquiring new offices in Silicon Valley and New York, and investing in artificial intelligence partly explain the increased costs.
Alphabet's other activities - Waymo autonomous vehicle development unit, Verily health unit and cybersecurity and fiber optics - generated revenue of $ 154 million, but also total operating loss of $ 1,3 billion in the fourth quarter of 2018 , almost double the fourth quarter of 2017 ($ 748 million).
[the_ad_group id = ”966 ″]
