Today, the parent company of Google, Alphabet, released its first-quarter earnings report for the fiscal year ending March 31, 2019. According to the report, Alphabet’s total revenue for the first quarter is $36.339 billion, an increase of 17% from $31.146 billion in the same period last year. The impact of exchange rate fluctuations was 19% year-on-year.
According to US GAAP, Alphabet first-quarter net profit (which included the impact of fines) is $6.657 billion, down 29% from $9.401 billion in the same period last year. Excluding the impact of fines, Alphabet’s first-quarter net profit is $8.339 billion, down 11% from the same period last year.
As for Alphabet’s Google division’s first-quarter website pay-per-click (including clicks related to ads on Alphabet’s own and operated websites in various regions, as well as other YouTube-based ads including search, TrueView, Google Maps and Google Finance), the number of clicks on operating websites increased by 39% compared with the same period last year and decreased by 9% compared with the previous quarter. Google’ website pay-per-click decreased by 19% compared with the same period of the previous year and increased by 5% compared with the previous quarter.
It is worth mentioning that because of Android monopoly, they were fined âŹ1.5 billion by the European Union (EU) which also affected the new financial report.
Revenue is not “making” money. That is profit which is different.