{"id":170498,"date":"2021-02-03T18:21:16","date_gmt":"2021-02-03T15:21:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/google-parents-stock-spikes-thanks-to-record-ad-revenue\/"},"modified":"2021-02-03T18:21:16","modified_gmt":"2021-02-03T15:21:16","slug":"google-parents-stock-spikes-thanks-to-record-ad-revenue","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/google-parents-stock-spikes-thanks-to-record-ad-revenue\/","title":{"rendered":"#Google parent’s stock spikes thanks to record ad revenue"},"content":{"rendered":"

“#Google parent’s stock spikes thanks to record ad revenue<\/strong>”
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Alphabet\u2019s stock price surged Wednesday after the Google parent said it ended 2020 with a bang.<\/p>\n

Shares in the Silicon Valley titan rose as much as 8.7 percent to $2,086.99 in early trading following a fourth-quarter earnings report that showed a strong comeback in Alphabet\u2019s advertising business \u2014 even as it faces severe antitrust scrutiny.<\/p>\n

The tech conglomerate\u2019s revenues climbed about 23 percent to nearly $57 billion from October through December, driven by a roughly 22 percent jump in ad sales, which totaled about $46 billion for the quarter.<\/p>\n

That helped Alphabet\u2019s quarterly net profits soar 43 percent to some $15 billion, or $22.30 per share, smashing Wall Street analysts\u2019 estimates of $15.95 a share<\/a>.<\/p>\n

The figures indicated Google\u2019s bread-and-butter ad business has roared back from the depths of the coronavirus pandemic, which led Alphabet to its first-ever revenue drop last spring as advertisers crimped their spending.<\/p>\n

More trouble could be coming, however, as the Silicon Valley giant faces multiple lawsuits alleging anti-competitive behavior in its ad and search businesses, including from the US Justice Department and state attorneys general<\/a> from both sides of the political aisle. Google has said it will fight the allegations. <\/p>\n

Alphabet\u2019s total sales growth of 13 percent last year was the company\u2019s slowest since 2009\u2019s 8.5 percent rise. But Google executives say the company is in a strong position now that many firms have shifted their businesses online amid the pandemic.<\/p>\n

\u201cGoogle succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future,\u201d Alphabet CEO Sundar Pichai said in a statement<\/a> Tuesday.<\/p>\n

Alphabet also reported financials for its Google Cloud business for the first time Tuesday, revealing that it posted a $5.6 billion operating loss last year despite increasing its revenues 46 percent to $13 billion.<\/p>\n

Google executives say they plan to continue expanding the business by adding staff and data centers and using artificial intelligence in more services.<\/p>\n

With Post wires<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Google parent’s stock spikes thanks to record ad revenue” Alphabet\u2019s stock price surged Wednesday after the Google parent said it ended 2020 with a bang. Shares in the Silicon Valley titan rose as much as 8.7 percent to $2,086.99 in early trading following a fourth-quarter earnings report that showed a strong comeback in Alphabet\u2019s advertising…<\/p>\n","protected":false},"author":1,"featured_media":170499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/Google-e1612365787407.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[91889,71767,70237,26293,70359],"class_list":["post-170498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-3-21","tag-alphabet-inc","tag-corporate-earnings","tag-google","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=170498"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/170499"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=170498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=170498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=170498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}