But Google’s results showed that controversy was little more than a speed bump for the company as revenue rose 22.2 percent to $24.75 billion from $20.26 billion in the quarter ended March 31.
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Shares at Alphabet increased 2.8% after the closing bell Thursday. It’s also the case that YouTube, where the trouble is, represents only a portion of Google’s $21.4 billion in digital ad revenue.
The Other Bets category includes Waymo, Google Fiber, Nests, Verily Life Sciences, Calico and other businesses and moonshot projects.
‘With the change to Alphabet, oversight has been easier because of increased visibility, ‘ Page wrote.
Without getting into the details, he said, Google is “understanding what UPI is and the power of the stack built here”, adding, “may be we will bring services from Google on top of UPI which will make things better for users in India”. In one example Pichai discussed, Under Armour used a combination of bumper ads and TrueView to promote a product launch and experienced double the lift in product interest from those who saw both ads compared to those who only saw the TrueView ad. We’re not going to invest if we don’t see great opportunities and we feel like our track record for picking some important efforts long before others is pretty good. We were early in machine learning and are already seeing significant dividends coming out.
Alphabet Inc is a holding company.
In addition to cracking down on nefarious content, Google also pledged to allow advertisers to have more control over how and where their content appears.
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According to the reports collected by the leading news channel, CNN, The basic pay of CEO of Google, Mr. Sundar Pichai was $650,000 in the year 2016 and above this, he was awarded a compensatory amount of $198.7 million. Alphabet had $92.4 billion in cash and equivalents and marketable securities at the end of Q1, up from $86.3 billion at the end of 2016. In fact, together they accounted for 99 percent of the growth past year according to a report published by Pivotal Research this week. Google stated in its earnings release that the company had been able to refine their paid clicks and cost-per-click methodology.
