Alphabet, Google’s parent company:
Formation and Purpose:
- Alphabet is a multinational technology conglomerate created by Google’s co-founders, Larry Page and Sergey Brin, on October 2, 2015.
- The restructuring aimed to expand and diversify Google’s operations beyond its core search business.
Purpose and Structure:
- Alphabet’s goal was to make the core Google business “cleaner and more accountable.”
- It allowed greater autonomy for group companies operating in businesses beyond Internet services.
Alphabet vs. Google:
- Alphabet and Google are distinct entities:
- Google remains the largest company under Alphabet, focusing on Internet services, advertising, maps, apps, YouTube, and Android.
- Alphabet serves as the parent holding company, overseeing various subsidiaries.
Business Units Under Alphabet:
- Google: The most prominent subsidiary, concentrating on Internet services, search, and advertising.
- Other Bets: These are separate companies within Alphabet, exploring diverse areas:
- X lab: Focused on moonshot projects and breakthrough innovations.
- Nest: Known for smart home devices.
- Life Sciences: Researching health and longevity.
- Calico: A biotech company targeting age-related diseases.
- Wing: Developing drone delivery technology.
- Verily: Focusing on healthcare and life sciences.
- Waymo: Pioneering self-driving technology.
Leadership Changes:
- Larry Page stepped up to lead Alphabet as its CEO.
- Sundar Pichai, formerly Google’s product chief, became Google’s CEO.
Revenue:
- Alphabet’s total revenue for the last fiscal year (2022) was approximately $282.8 billion.
- In the third quarter of 2023, Alphabet reported revenue of $74.6 billion, surpassing expectations.
Profit:
- Alphabet’s net income for the last fiscal year (2022) was around $59.97 billion.
- In the third quarter of 2023, their earnings per share (EPS) stood at $1.44, exceeding estimates.
Key Metrics:
- Market Cap: Approximately $2.95 trillion.
- Operating Income: Around $78.8 billion.
- Gross Profit: Approximately $166.03 billion.
Segments:
- Alphabet’s revenue primarily comes from Google services, including search, advertising, YouTube, and cloud computing.
- Their Other Bets segment explores diverse areas such as self-driving technology, healthcare, and smart home devices.
For more detailed information, you can explore their official investor relations page.