Google’s parent company Alphabet announced its financial results for the third quarter of 2019, surpassing revenue expectations. As one might expect, Google products were among the top performers, but everything wasn’t as breezy. Even though revenue is up, the profit margins have come down sharply, leaving investors with less money in hand than what was anticipated.
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Google parent Alphabet has reported a strong second quarter with revenues up to almost $38.9 billion, a 19% gain from the same period last year. Growth in its mobile search, YouTube, and cloud has strengthened in all regions and has helped turn over net income of $9.95 billion. There was also good Android news coming from the Pixel 3a.
Read MoreInvestors are reeling after Alphabet posted a 17% year-over-year gain in revenues, its slowest growth in 3 years. In its earnings report for the first quarter, the company underlined monetization challenges across Google and YouTube alongside the latest large fine it has had to deal with from the European Commission. In the end, the company achieved operating income of $6.6 billion, down 13%.
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It's a concept that's been teased by megacorporations for years yet has only had meaningful progress in recent years: delivery by drone. For Google, Project Wing was conceived some 6 years ago as a way to shoot dog food from a local warehouse to your house. Today, the FAA announced that Wing, now the bona fide Alphabet company, has become the first drone delivery company to receive an Air Carrier Certification, meaning that it can now legally do business in the United States.
Read MoreGoogle's parent company Alphabet has reported positive financial results for 2018, although stocks in the company still fell 3% in after-hours trading. An operating margin 3% lower than the 24% posted in Q4 2017 and higher expenditure are considered to be reasons for the drop-off, but Alphabet remains profitable.
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Alphabet's second-quarter results were just released to investors, and although revenues are up 25% compared to Q2 2017, reaching $32.65 billion—comparing favorably to last quarter's results, too—it isn't all good news. Taking into account the effects of the recent $5 billion antitrust fine by the EU, net income is actually down significantly to ~$3.2 billion, a loss of 9.3% compared to Google's fine-extrapolated numbers for Q1 2017. That doesn't seem to have investors too worried, though, as the pre-fine numbers beat expectations by a large margin, driving up Alphabet's stock price in after-hours trading by 5%.
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Waymo, Alphabet's self-driving car company (formerly under Google), has been using modified vans for years to privately test its autonomous tech. In late 2016, Waymo announced that its first production car would be a modified Chrysler Pacifica. Now the company is looking to buy a few more minivans - 62,000, to be exact.
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After three days of non-stop announcements and developer talks, Google I/O 2018 has finally come to a close. Unless you were watching the event yourself, or if you were refreshing Android Police every minute, you probably missed a few things.
Luckily for you, we've compiled a list of every announcement from Google I/O for your reading pleasure, complete with links to our full coverage of each topic. Enjoy!
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Back in December last year, we looked in-depth at the work Google has been doing to improve text-to-speech and other artificial language use cases. Artificial voice synthesis can be much more powerful and impressive thanks to WaveNet neural network technology, developed by Alphabet subsidiary DeepMind. It's been used to make the Google Assistant sound more natural, and now makes up part of a whole new product: Cloud Text-to-Speech.
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At a press conference today in New York, Waymo CEO John Krafcik announced the world's first premium electric self-driving car. The first collaboration of a planned long-term partnership with British carmaker Jaguar Land Rover, the Jaguar I-PACE will form part of Waymo's autonomous car fleet in 2020 after testing begins later this year.
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