Google Soars Toward Record $2 Trillion Valuation On Earnings (2024)

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Google Soars Toward Record $2 Trillion Valuation On Earnings (2024)

FAQs

Google Soars Toward Record $2 Trillion Valuation On Earnings? ›

Key Facts. Alphabet

Alphabet
Alphabet is the world's third-largest technology company by revenue and one of the world's most valuable companies. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.
https://en.wikipedia.org › wiki › Alphabet_Inc
shares soared more than 12% after Thursday's market close, indicating the company's market capitalization will jump by more than $200 billion to about $2.2 trillion when normal trading resumes Friday, setting the company up for its first-ever $2 trillion valuation.

How did Google do on earnings? ›

Reported after the market close on Thursday, Google earnings came in at $1.89 per share, up 61% from a year earlier. A gain of $2.2 billion from equities on Google's balance sheet boosted Q1 earnings by about 15 cents. The tech giant reports earnings under generally accepted accounting principles, also known as GAAP.

How much is Google worth in dollars? ›

Google is officially a $2 trillion company.

What is Google's annual revenue? ›

According to the company's latest financial report, Google's current annual revenue is $278.13 billion, which constitutes growth of 8.33% from 2021, when the company earned $256.74 billion. The revenue for the quarter ending June 30, 2022, was $69.69 billion, a 12.61% increase year-over-year.

What is Google's largest source of income? ›

The company charges for its services and makes money on the ads it sells on its search engine. Google is the most dominant search engine in the world. While it's accessible for free, their main income source is advertising, which makes up the bulk of their revenue.

Who is more valuable Google or Apple? ›

Apple's Market Cap Might Be Way Bigger Than Google's — But Which Tech Giant Delivered Better Stock Returns This Year? Founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple Inc. (NASDAQ:AAPL) holds the largest market capitalization today at $3.021 trillion.

What is the most valuable company in the world? ›

Largest Companies by Market Cap
#NameM. Cap
1Microsoft 1MSFT$2.935 T
2Apple 2AAPL$2.614 T
3NVIDIA 3NVDA$2.076 T
4Alphabet (Google) 4GOOG$2.034 T
57 more rows

How much money does Google make per user? ›

And over this time, Google US Advertising revenues have grown from an estimated $152 per user in 2015 to $379 per user in 2022, tracking to about $390 per user in 2023. Today 91% of Americans have a smartphone and as this number grew so did Google adoption to what is now an estimated 276 million users.

Who owns Google now? ›

Google is an American search engine company, founded in 1998 by Sergey Brin and Larry Page. Since 2015, Google has been a subsidiary of the holding company Alphabet, Inc.

How much does Google make per day? ›

How much does Google earn per day? Google's total revenue for the year was $181.7 billion, which translates to an average daily revenue of approximately $497 million.

What is Google's earnings forecast? ›

Alphabet is forecast to grow earnings and revenue by 11.8% and 9% per annum respectively. EPS is expected to grow by 13.3% per annum. Return on equity is forecast to be 22.8% in 3 years.

What is Google's earnings report for 2024? ›

Just one week after reporting $80.5 billion in sales and $23.7 billion in net income during its first quarter 2024, Google is laying off hundreds of employees—including many in its 'Core' team roles—while moving some positions outside the U.S.

How much will Google make in 2024? ›

Google: quarterly revenue 2008-2024

In the first quarter of 2024, Google's revenue amounted to over 79.9 billion U.S. dollars, up from the 69.4 billion U.S. dollars registered in the same quarter a year prior.

Is Google still making money? ›

In the most recently reported fiscal year, Google's revenue amounted to 305.6 billion U.S. dollars. Google's revenue is largely made up by advertising revenue, which amounted to 237.8 billion U.S. dollars in 2023.

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