As we already know, Google’s parent company Alphabet makes the bulk of its money from ads. We also learned in quarters past that revenue from its non-Google pro…
As we already know, Google’s parent company Alphabet makes the bulk of its money from ads. We also learned in quarters past that revenue from its non-Google projects, which it calls „Other Bets,“ have been growing at a slow, steady rate. From the company’s just-released first quarter earnings report, this trend hasn’t changed. Alphabet made about $31.1 billion this period, a 26 percent from the same quarter last year. Of this, about $26.6 billion were from ads, while $150 million were from Other Bets. Its income from its „other revenues“ segment, which covers things like hardware sales, Play Store earnings and YouTube Red or Google Cloud and Drive subscriptions, also increased from the same quarter last year to about $4.3 billion.
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