In nearly as much of an anticlimax as the Snoozer Bowl, Alphabet Inc. today again beat most expectations for its fourth quarter thanks to continued strength in its search and video advertising and investment gains.
Quarterly profit was $8.95 billion, or $12.77 per share, compared with a $3 billion loss a year ago.
Overall, Google's revenue for the quarter was $39.1 billion, up 22% from the $32.2 billion recorded during the 2017 fourth quarter.
Greene and incoming Google Cloud CEO Thomas Kurian, a longtime Oracle Corp.
Of that figure, Google's advertising revenues represented the company's greatest source of income, totalling approximately $32.64 billion Dollars (roughly $42.83 billion CAD) in Q4 2018.
Alphabet Inc reported sharply higher fourth-quarter spending on video content, employees and facilities, worrying investors who sent the tech company's shares down about 3 percent after hours on Monday.
"At Google's massive scale, a slowdown in ad revenue growth is to be expected, particularly in the US, eMarketer Senior Forecasting Director Monica Peart said in an email".
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Cotten, 30, died in India last December from complications from Crohn's disease, according to the company . Robertson has retained an expert to try to access the funds but he has so far not been able to do so.
"If Google really wants to see more of a sum-of-its-parts valuation from investors, they're going to have to start disclosing", Aaron Kessler, an analyst at Raymond James, said.
One stunning number is telling about Google's effectiveness as a business.
Alphabet reported capital expenditures of more than $7 billion for Q4, easily surpassing the $5.63 billion in capex it planned to spend during the quarter.
Other Bets, which include Waymo, generated revenue of $154 million, up 18 percent from a year earlier.
The downside is average ad prices are shrinking as Google serves more commercial messages through computerized placements and on YouTube - both of which tend to have lower prices than Google's traditional desktop PC web search messages. Alphabet's profits were thinner because of its investment in cloud services.
For all that, investors apparently expected a little more operating income, which at $8.2 billion came in a bit short of the $8.6 billion consensus. Among the more damaging of those was its work on a China-specific search engine which ultimately caused questions to be raised by the U.S. government. Referred to internally as "Project Dragonfly", Google was said to be preparing to introduce the censored engine in 2019 but later abandoned the plans.