Google’s parent company Alphabet Inc has releaed its earnings results for 2019’s first quarter, and the story’s bittersweet. Take a look!
Under the shadow of the EC’s latest fine, Google’s parent company Alphabet Inc (NASDAQ:GOOG) reported its earnings results for the first quarter of 2019. Prior to the company’s investor call, Wall Street had set expectations for $30 Billion in Revenue and Alphabet Inc. has reported Revenues of $29.48 Billion.
The group has however exceeded estimations for Earnings Per Share, by reporting $11.90/share as opposed to estimates of $10.17/share. As Alphabet had announced prior to today’s earnings release, the company has also accounted for a $1.9 Billion fine levied on it by the European Commission for uncompetitive practices part of agreements that Google had with its AdSense partners.
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Starting from Google, the big thing to note this quarter for the company is a big decrease in paid clicks on Google properties. This figure has decreased by 9% from Q4 2018 to Q1 2019, as opposed to an 8% increase from Q4 2017 to Q1 2018.
