The three-month financial results of the holding company under the umbrella of Google, a major American IT company, reached record highs in terms of both sales and final profit due to strong revenue from Internet advertising and other factors. ..
Alphabet, a holding company that owns Google, announced its financial results for the three months from July to last month on the 26th, with sales of 65,118 million dollars and about 7.43 trillion yen in Japanese yen. 41% more than at the same time of the year.
In addition, the final profit increased by 68% to 18,936 million dollars, about 2.16 trillion yen in Japanese yen, and both sales and final profit reached record highs.
This is mainly due to the continued strong income from Internet advertising, contrary to the view that the spread of the new coronavirus vaccine may lead to a full resumption of economic activity and a decrease in Internet usage. ..
In particular, the advertising revenue of YouTube, a video posting site, increased by 43% from the same period of the previous year.
Google CEO Pichai commented, "This achievement shows that we are providing useful services to users by investing in the AI = artificial intelligence field."