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Google's parent company will not achieve the expected revenue NOW in the first quarter



In the first quarter of 2019, the alphabet ordered a turnover of $ 36.4 billion (€ 32.5 billion). Google's parent company announced this on Monday, presenting quarterly issues (pdf).

Compared to the same quarter last year, total sales grew by 17 percent. Analysts expected the company to generate more revenue of $ 37.3 billion.

Alphabet Financial Director Ruth Porat says the growth comes from mobile ads, YouTube, and cloud applications. Other revenue, including Play hardware and trade, was $ 5.4 billion, compared with $ 4.3 billion last year.

Net income in the alphabet was $ 6.6 billion. A year earlier, it was $ 8.3 billion in the same period.

Billions of fines for Google

In recent months, Alphabet has been fined € 1.49 billion for abuse of power. The European Commission has decided in March that Google's AdSense advertising industry has been abusing its power for more than a decade.

The company has received a high fine from the European Commission twice. In 2017, Google had to pay 2.4 billion euros because the company was getting its product comparator into the results of its search engine.

A year earlier, Google had abused its dominant position with the Android mobile operating system. The company had to pay EUR 4.34 billion. When you purchased Android, phone manufacturers were required to purchase additional Google services.


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