Google CEO Sundar Pichai speaks on stage during the annual Google I / O developer conference in Mountain View, California, May 8, 2018.
Stephen Lam | Reuters
Stocks in the Google parent company Alphabet rose 7% after the company reported revenue for its second quarter 2019 after Thursday's Thursday.
Alphabet said the board approved the company to buy back up to another $ 25 billion of capital C class.
Here are the key figures:
- Earnings per share: $ 1
- Revenue: $ 38.15 billion, against $ 38.15 billion expected, per Refinitive
- Procurement Costs: $ 7.24 billion, versus $ 7.27 billion, according to StreetAccount
Alphabet Explained Analysts' Revenue Expectations and EPS, but had even lower traffic acquisition costs (TAC) than analysts hoped for. The calculation represents the payments Google makes to companies like Apple making the search engine the default browser on their devices.
Google reported advertising revenue of $ 32.60 billion in the second quarter, compared to $ 28.09 billion in the same period last year. Google's other revenue, which includes hardware like its Pixel phones and cloud, came to $ 6.18 billion compared to $ 4.43 billion last year. Google recently installed a new cloud manager, Thomas Kurian, who has been prosecuted to grow the business and has already made some splash acquisitions, including the Looker analysis company.
Alphabet said revenues from "other games", which include subsidiaries outside of Google, came in at $ 162 million compared to $ 145 million in 2018.
Google is now facing even greater threats to US and US business. foreign antitrust regulators. U.S. The Department of Justice announced on Tuesday that it is launching a broad antitrust review of major technology companies. Although it didn't name particular companies, the department said it would review the online platform practices that dominate sites including Internet search. Google has about 90% market share in internet searches in the United States. In May, The Wall Street Journal reported that DOJ is planning a separate antitrust probe for Google.
In the previous quarter, Alphabet registered a $ 1.7 billion commission for the EU Commission as a settlement to stifle competition in the online advertising sector. In June, the company said it had begun to appeal the fine.
This story is evolving. Check back for updates.
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