Parent company Google’s profit breaks records

Alphabet, the parent company of internet giant Google, has reported financial results for the third quarter of 2021. And looking ahead, let’s say that the financial indicators have surpassed all the most optimistic forecasts of analysts.

Alphabet’s revenue for the third quarter of 2021 was $ 65.1 billion, up 41% over the same period last year. And profit for the same time amounted to almost $ 19 billion or $ 27.99 per share, while analysts had expected the value to be $ 24.08 per share.

Most of Alphabet’s revenue comes from advertising. Google’s advertising division generated $ 53.1 billion last quarter. And the company is confident that revenues from online advertising will only grow, since in the context of the coronavirus pandemic, users are increasingly making purchases on the Internet, and companies are massively moving online.