Alphabet with profits of $ 11,25 billion in a third quarter in which revenues grew again

Coming in the first quarter with a decline in revenue in the company's history, the parent company of Google is now back in force, partly driven by funds associated with advertising.

Alphabet, Google's parent company, exceeded analysts' expectations by recording $ 46,17 billion (€ 39,55 billion) in revenue in the third quarter of 2020, according to the report released by the company this Thursday . This resulted in $ 11,25 billion (€ 9,64 billion) in profit, which means $ 16,40 (€ 14) of dividend per security.

After the first quarter of the year with negative revenue growth, the technological giant recovered strongly, largely due to the inflow of advertising. The 37,1 billion dollars (31,8 billion euros) of revenue in this segment represents an increase over the 33,8 billion dollars (28,9 billion euros) of the same period.

"We had a strong quarter, consistent with the overall online environment," said Sundar Pichai, the company's chief executive. "It is also a reflection of the deep investments we have made in artificial intelligence and other technologies," he added.

Sundar Pichai also announced that, starting next quarter, Google's cloud operation will be reported independently. “With this partition, they will be able to see information about the scale of our investment, which will contribute to assess the progress we have made on our path to creating sustainable value”, he explained.


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