Alphabet beats earnings forecast, but costs weigh on shares
Alphabet beats earnings forecast, but costs weigh on shares
Google's tumultuous year didn't stop it from making more money than ever
05 February, 2019, 13:26
Alphabet Inc's fourth-quarter revenue and profit beat Wall Street's expectations on Monday but sharply higher spending, as it added data centers, cloud engineers and marketed its services heavily during the holidays, anxious investors.
While Alphabet relies on Google's advertising business to generate profits, YouTube and cloud computing are costlier operations than its traditional desktop businesses.
Still, ads from Google and rival Facebook Inc. are more relevant and effective than most other options - precisely because the companies collect so much information on activity across the internet and beyond.
"The company's highest-growth areas (mobile search, programmatic, YouTube, hardware, and cloud) have lower margin profiles than the traditional desktop search business, so we see continued margin degradation for the company as a whole", wrote BMO Capital Markets analyst Daniel Salmon in a recent note.
Porat said increased operating costs stemmed from licensing content for YouTube, expanded data center operations and Google's hardware business. For the latter, much of the cost jump over the year was from fiber cable rollouts - Google has an very bad lot of private fiber - while the ad giant also invested in, among other things, data centers and the hiring of more sales and research workers. Losses in the category aren't uncommon since the other bets category is understood to be an umbrella for Alphabet's long-shot, experimental projects.
One stunning number is telling about Google's effectiveness as a business. Facebook results beat Wall Street estimates last week. Alphabet's profits were thinner because of its investment in cloud services. "Other Bets" revenues, primarily derived from Fiber and Verily life sciences, was $154 million for the quarter, up from $131 million a year ago, with a loss of $1.32 billion, up from a loss of $748 million a year earlier. The three largest advertisers, according to Ad Exchanger, were Geico, Samsung and Disney, which together accounted for 15% of all advertising a year ago.
Another said when he rapped about having shooters, he wasn't talking about fellow gangbangers, but rather, British redcoats. Last year, the rapper was featured in Post Malone's massive song, "Rockstar", and was nominated for several awards.
After performing the ceremonial face-off, Mourinho turned to exit the ice only to slip over on the carpet on his way back. Over the weekend he visited posh Knightsbridge restaurant Harry's Dolce Vita to toast his son Jose Mario's 19th birthday.
Spain's Prime Minister Pedro Sanchez delivers a statement at the Moncloa Palace in Madrid, Spain, Monday, Feb. 4, 2019. Seven EU states had given Maduro a Sunday deadline to call presidential elections or they would recognize Guaido.
Later on, in the press conference, Porzingis talked about the possibilities and opportunities that are available with the Mavs. It could be a franchise-defining summer for the Knicks as they could also have enough cap space to go after a top free agent.
General Motors is also undertaking a 25% reduction in its executive workforce worldwide. "We are not confirming timing", he added. For the next week, GM will be handing out pink slips at all of its North American facilities and even some overseas.
No parent should ever have to bury their child, and for those who do, it is a nightmare that haunts you forever. In 2017, Kristoff threatened suicide and was placed on a 72-hour hold for psychiatric evaluation.
He spent his first season with the Kings before being traded to the Philadelphia 76ers , where he played for two-and-a-half years. Hood will give Portland some more scoring punch and can take some pressure off guards Damian Lillard and CJ McCollum.
Fairfax, 39, would be the second black governor of Virginia, where his great-great-great grandfather was held as a slave. While Northam initially confirmed his appearance in the image and issued an apology, he later changed his story.
What was the password again? While Robertson has hold of the founder's laptop, she is unable to retrieve any passwords for it. Cotten, 30, died in India last December from complications from Crohn's disease, according to the company.
Now, they may have a plan to take that one step further and make Xbox Live available on a number of other devices. The Game Developers Conference is scheduled to be held March 18 through 22 in San Francisco.
Asia greets year of the pig, farewells the dog
Events like traditional lion dances are held in decorated public spaces while supermarkets stock up on mooncakes and tangerines. Everywhere, the color red dominated - on lanterns, clothes and signs.
Russia suspends nuclear arms pact after US announces pullout
At the same time, the USA will begin the process of withdrawing from the treaty, which will be effective in six months, he said. Japan was the target of USA atomic bombs at the end of World War II but now stands under that country's nuclear umbrella.
SpaceX successfully test-fires rocket engine Raptor
Musk, who posted about the event on Twitter , congratulated his team with a message about the successful test. The first launches of the full-scale Starship-Super Heavy duo could follow in relatively short order.
Watch Marshmello's Epic Fortnite Performance Right Here
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WWE Has Big Interest In New England Patriots' Rob Gronkowski
Selfishly, I hoped it would not be the last time time I'd see him in uniform. [Josh] McDaniels saw it, repeated the play again. All I know is, whatever he does next, or what he's doing now , he's gonna be the best at. "I saw the coverage".
'Captain Marvel' Unveils Badass Footage for Super Bowl TV Spot
Marvel loves to mess with its fans, as proved by the surpriseAvengers: Endgame Super Bowl spot they just dropped on Sunday night. Jackson returns as a younger version of Nick Fury, who meets Danvers as she sets about on an expedition to discover her roots.
The Instagram egg's creator has been revealed
At the time of writing, the original world_record_egg post (there are now five posts to the account) has over 52 million likes. Chris Godfrey, a London-based advertising employee at The & Partnership, was also unmasked as the egg's creator .
WhatsApp update lets you lock it with Face ID or Touch ID
If you have them turned on then you'll be able to both see and reply to any messages without having to unlock the app. Users will see options to unlock WhatsApp immediately, after one minute, after 15 minutes or after one hour.
Israel begins construction of new Gaza border barrier
The entire project is expected to cost about $833 million and be completed by the end of 2019, according to the Times of Israel . It accuses Hamas, with whom it has fought three wars since 2008, of seeking to use the protests as cover to carry out violence.