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	<title>alphabet earnings q1 2019 &#8211; EFR Technology Group</title>
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	<title>alphabet earnings q1 2019 &#8211; EFR Technology Group</title>
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		<title>Alphabet continues to spend hundreds of millions on &#8216;other bets&#8217;</title>
		<link>https://www.efrtechgroup.com/tech/alphabet-continues-to-spend-hundreds-of-millions-on-other-bets/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Mon, 29 Apr 2019 20:41:00 +0000</pubDate>
				<category><![CDATA[alphabet]]></category>
		<category><![CDATA[alphabet earnings]]></category>
		<category><![CDATA[alphabet earnings q1 2019]]></category>
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		<category><![CDATA[earnings]]></category>
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		<category><![CDATA[Gadgets]]></category>
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		<category><![CDATA[Google]]></category>
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					<description><![CDATA[[ad_1] The EC fine did make a dent in Alphabet&#8217;s net income, with the number dropping to $6.6 billion with the fine taken into account, compared to the $8.3 billion it would be without. That&#8217;s a few hundred million less than Q4 2018, when Alphabet made $8.9 billion. Of note is the fact that Google&#8217;s [&#8230;]]]></description>
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<p>The EC fine did make a dent in Alphabet&#8217;s net income, with the number dropping to $6.6 billion with the fine taken into account, compared to the $8.3 billion it would be without. That&#8217;s a few hundred million less than Q4 2018, when Alphabet made $8.9 billion.</p>
<p>Of note is the fact that Google&#8217;s earnings from its &#8220;Other Revenues&#8221; continues to grow from last year. This counts the money it makes from hardware like the Pixel phones and Home connected devices, and is at $5.4 billion this quarter compared to $4.3 billion the same period last year. It represents a slowdown from Q4 2018, though, when Other Revenues came in at $6.5 billion.</p>
<p>Alphabet CFO Ruth Porat said during the company&#8217;s earnings call attributed the hardware segment&#8217;s first quarter results to pressures in the premium smartphone industry. Basically, Samsung, OnePlus and other premium Android phone makers are giving Google some real competition.</p>
<p>Still, Google continues to rake in money from its advertising business, making $30.7 billion this quarter. That&#8217;s a nice increase from the $26.6 billion from the same quarter last year.</p>
<p>As before, Alphabet&#8217;s &#8220;Other Bets&#8221; segment &#8212; that is, its non-Google businesses &#8212; incurred hundreds of millions of dollars in losses. This year, Other Bets lost $868 million, compared to the $571 million loss from the same period last year. Porat pointed out some recent highlights from the Other Bets divisions during the earnings call, like Waymo <a href="https://www.engadget.com/2019/04/23/waymo-will-build-its-self-driving-cars-in-detroit/">repurposing a Detroit facility to make its own self-driving fleet</a> as well as <a href="https://www.engadget.com/2019/01/15/alphabet-loon-forms-advisory-board/">Loon</a> securing a <a href="https://techcrunch.com/2019/04/24/alphabet-spinout-loon-grabs-125m-from-softbank/">$125 million investment</a> from Softbank&#8217;s HAPSMobile. She also called out the fact that the <a href="https://www.engadget.com/2019/04/23/faa-wing-drone-delivery-air-carrier-certification/">Wing division recently received its Air Carrier certification from the FAA</a>, becoming the first drone delivery company to do so. This gives Wing a major advantage over competitors like Amazon, for example, who are trying to launch commercial drone delivery fleets.</p>
<p>On the earnings call, Google CEO Sundar Pichai said he feels good about the company&#8217;s hardware portfolio across Pixel, Home and Nest products. He said the team has put in a lot of work to improve and scale operations (so they can drive down costs and profit more), and that the <a href="https://www.engadget.com/2019/03/27/google-new-taiwan-campus-hardware/">just-announced Taiwan campus</a> will support these hardware efforts. Porat and Pichai both brought up the upcoming Google I/O developer conference, with Porat mentioning hardware announcements on May 7th as something she&#8217;s looking forward to as well.</p>
<p><em>This post is developing, please refresh for updates.</em></p>
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<br /><a href="https://www.engadget.com/2019/04/29/google-alphabet-earnings-q1-2019/">Source link </a></p>
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