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Strength of the Google Brand after Alphabet's Incredible Earnings Report
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On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney takes a deep dive into the latest earnings results from Alphabet Inc. (GOOGL - Free Report) . It was another remarkable quarter for Alphabet, and Ryan argues that, more so than anything else, the report showed Google’s brand—from its core search business to new hardware and cloud initiatives—appears to be quite healthy.
Remember to subscribe and leave a rating on Apple Podcasts if you enjoy the show!
On Monday afternoon, Google parent Alphabet released its latest quarterly earnings report, topping estimates on the top and bottom lines. The internet behemoth notched total revenue growth of 26%, and excluding potential fines it faces in Europe, profits improved significantly as well.
Those results were supported by remarkable performance in Alphabet’s core advertising business, which saw revenue surge 24% from the year-ago period as growth in paid clicks continued to outpace a decline in cost per click.
Alphabet also saw strong results in its “Other Revenues” category, which includes its Google Play Store, Google Cloud offerings, and hardware initiatives like the Pixel phone and Nest home automation division.
Plus, even though “Other Bets” is just a drop in the bucket for Google, the firm did see 50% revenue growth from this mysterious unit, and that’s likely due to continued growth from Google Fiber and Verily.
On today’s episode of Tech Talk Tuesday, Ryan digs into all of these categories and provides listeners with his take on this bellwether tech report. Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Strength of the Google Brand after Alphabet's Incredible Earnings Report
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney takes a deep dive into the latest earnings results from Alphabet Inc. (GOOGL - Free Report) . It was another remarkable quarter for Alphabet, and Ryan argues that, more so than anything else, the report showed Google’s brand—from its core search business to new hardware and cloud initiatives—appears to be quite healthy.
Remember to subscribe and leave a rating on Apple Podcasts if you enjoy the show!
On Monday afternoon, Google parent Alphabet released its latest quarterly earnings report, topping estimates on the top and bottom lines. The internet behemoth notched total revenue growth of 26%, and excluding potential fines it faces in Europe, profits improved significantly as well.
Those results were supported by remarkable performance in Alphabet’s core advertising business, which saw revenue surge 24% from the year-ago period as growth in paid clicks continued to outpace a decline in cost per click.
Alphabet also saw strong results in its “Other Revenues” category, which includes its Google Play Store, Google Cloud offerings, and hardware initiatives like the Pixel phone and Nest home automation division.
Plus, even though “Other Bets” is just a drop in the bucket for Google, the firm did see 50% revenue growth from this mysterious unit, and that’s likely due to continued growth from Google Fiber and Verily.
On today’s episode of Tech Talk Tuesday, Ryan digs into all of these categories and provides listeners with his take on this bellwether tech report. Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>