According to reports, Alphabet (Google’s parent company) today released its financial report for the third quarter of fiscal 2021 ending September 30. According to the report, Alphabet’s total revenue in the third quarter was US$65.118 billion, an increase of 41% compared to US$46.173 billion in the same period of the previous year. Excluding the impact of exchange rate changes, it was a year-on-year increase of 39%. In accordance with US GAAP, Alphabet’s Net profit in the third quarter was 18.936 billion U.S. dollars, an increase of 68% compared with 11.247 billion U.S. dollars in the same period last year.
Main achievement:
——Alphabet’s total revenue in the third quarter was US$65.118 billion, an increase of 41% compared to US$46.173 billion in the same period last year. Excluding the impact of exchange rate changes, it was a year-on-year increase of 39%. Alphabet calculates total revenue in accordance with US GAAP, excluding traffic acquisition expenses (TAC). Alphabet’s third-quarter traffic acquisition expenditure, that is, revenue shared with partners, was 11.498 billion U.S. dollars, compared with 8.166 billion U.S. dollars in the same period last year;
——According to US GAAP, Alphabet’s operating profit in the third quarter was 21.03 billion U.S. dollars, and its proportion of revenue (ie, operating profit margin) was 32%. In accordance with US GAAP, Alphabet’s operating profit for the same period last year was 11.213 billion U.S. dollars, accounting for 24% of revenue;
——According to US GAAP, Alphabet’s third-quarter net profit was US$18.936 billion, an increase of 68% compared to US$11.247 billion in the same period last year; Alphabet’s diluted earnings per share in the third quarter were US$27.99, according to US GAAP. In comparison, the diluted earnings per share for the same period last year was $16.40.
Alphabet CFO Ruth Porat (Ruth Porat) said: “Our continued investment in support of long-term growth is reflected in strong financial performance. A helpful and valuable experience, continue to deliver our various businesses.”
financial analysis:
Alphabet’s total revenue in the third quarter was US$65.118 billion, an increase of 41% compared to US$46.173 billion in the same period last year. Excluding the impact of exchange rate changes, it was a year-on-year increase of 39%.
Alphabet’s Google division’s Google search and other business revenues in the third quarter were 37.926 billion U.S. dollars, compared with 26.338 billion U.S. dollars in the same period last year; YouTube advertising revenue was 7.205 billion U.S. dollars, compared with the same period last year. US$5.037 billion.
Alphabet’s Google division’s network revenue in the third quarter, that is, revenue generated by Google’s partner sites through the AdSense program, was $7.99 billion, higher than the $5.720 billion in the same period last year.
Alphabet’s Google division’s third-quarter advertising revenue (that is, the total revenue of the above businesses) was US$53.130 billion, compared with US$37.09 billion in the same period last year.
Alphabet’s Google division’s other revenues in the third quarter were US$6.754 billion, compared with US$5.478 billion in the same period last year.
The total service revenue of Alphabet’s Google division in the second quarter (that is, the total revenue of the above businesses) was 59.884 billion U.S. dollars, compared with 42.573 billion U.S. dollars in the same period last year.
The third-quarter revenue of the Google Cloud business of Alphabet’s Google division was US$4.99 billion, up from US$3.444 billion in the same period last year.
Alphabet’s “Other Bets” business revenue in the third quarter was US$182 million, higher than the US$178 million in the same period last year.
Alphabet’s third-quarter hedging gains were $62 million, compared with a hedging loss of $22 million in the same period last year.
By region, Alphabet’s third-quarter revenue from the EMEA (Europe, Middle East, and Africa) region was US$19.839 billion, a year-on-year increase of 42% and a month-on-month increase of 4%; it is not in accordance with US GAAP (excluding exchange rate changes). Impact), Alphabet’s third-quarter revenue from the EMEA region increased by 39% year-on-year and 5% month-on-month.
Alphabet’s revenue from the Asia-Pacific region in the third quarter was US$11.705 billion, an increase of 38% year-on-year and a 4% quarter-on-quarter increase. Not in accordance with US GAAP (excluding the impact of exchange rate changes), Alphabet’s third quarter came from the Asia-Pacific region Revenue increased by 38% year-on-year and 5% month-on-month.
Alphabet’s third-quarter revenue from the United States was 29.824 billion U.S. dollars, a year-on-year increase of 39% and a month-on-month increase of 6%.
Alphabet’s third-quarter revenue from the rest of the Americas was US$3.688 billion, an increase of 56% year-on-year and a 10% month-on-month increase. Not in accordance with US GAAP (excluding the impact of exchange rate changes), Alphabet’s third-quarter revenue from the rest of the Americas increased by 51% year-on-year and 8% month-on-month.
Alphabet’s third-quarter traffic acquisition expenditure (TAC), which is the revenue shared with partners, was 11.498 billion U.S. dollars, compared with 8.166 billion U.S. dollars in the same period last year.
Alphabet’s total costs and expenditures in the third quarter were 44.08 billion U.S. dollars, higher than 34.960 billion U.S. dollars in the same period last year. Among them, Alphabet’s third-quarter revenue cost was US$27.621 billion, higher than US$21.117 billion in the same period last year; R&D expenditure was US$7.694 billion, higher than US$6.856 billion in the same period last year; Sales and marketing expenses were US$5.516 billion, higher than The same period last year was 4.231 billion U.S. dollars; general affairs and administrative expenses were 3.256 billion U.S. dollars, higher than 2.756 billion U.S. dollars in the same period last year.
Alphabet’s other income (net value) in the third quarter was US$2.033 billion, compared to US$2.146 billion in other income (net value) in the same period last year.
According to the US General Accounting Principles, Alphabet’s operating profit in the third quarter was 21.03 billion U.S. dollars, and its proportion of revenue (ie, operating profit margin) was 32%. In accordance with the US General Accounting Principles, Alphabet’s operating profit for the same period last year was 11.213 billion US dollars, accounting for 24% of revenue.
According to business divisions, Alphabet’s Google Services division’s operating profit in the third quarter was US$23.973 billion, compared to US$14.453 billion in the same period last year; Google’s cloud division’s operating loss was US$644 million, compared to the same period last year. Operating loss was US$1.208 billion; the operating loss of “Other Bets” business was US$1.288 billion, compared with the operating loss of US$1.103 billion in the same period last year.
According to US GAAP, Alphabet’s third-quarter net profit was US$18.936 billion, an increase of 68% compared to US$11.247 billion in the same period last year; Alphabet’s diluted earnings per share in the third quarter were US$27.99, compared with US$11.247 billion in the same period last year. The diluted earnings per share for the same period last year was 16.40 US dollars.
Alphabet’s net cash from business operations in the third quarter was $25.537 billion, and its free cash flow was $18.720 billion.
As of September 30, 2021, excluding cash classified as held for sale, Alphabet’s total value of cash, cash equivalents, and variable current securities is USD 23.719 billion, compared to September 2020. It was 20.129 billion U.S. dollars on the 30th.
As of September 30, 2021, Alphabet has employed 15,028 full-time employees worldwide, compared to 132,121 as of September 30, 2020.
Webcast and conference call information:
Investors can visit the investor relations channel investor.google.com of the Alphabet website to listen to the live webcast of the Alphabet conference call. The conference call will be held at 4:30 pm on October 26th (Beijing time at 4:30 am on October 27th, Beijing time). )Start.
Analyst expectations and stock price changes:
Alphabet’s total revenue in the third quarter was $65.118 billion, exceeding analysts’ previous expectations. According to data provided by the Yahoo Finance Channel, 27 analysts had previously expected Alphabet’s third-quarter revenue to reach 63.45 billion US dollars on average. Alphabet’s diluted earnings per share in the third quarter were $27.99, which also exceeded analysts’ previous expectations. According to data provided by Yahoo Finance Channel, 27 analysts had previously expected Alphabet’s third-quarter earnings per share to reach $23.47. Despite this, Alphabet’s stock price fell nearly 2% in after-hours trading on the Nasdaq market.
On the same day, Alphabet’s (Nasdaq: GOOG) stock price rose by $17.98 in Nasdaq regular trading to close at $2,793.44, an increase of 0.65%. In the subsequent after-hours trading at 4:57 pm Eastern time on Tuesday (4:57 am Beijing time on Wednesday), Alphabet’s stock price fell by $52.02 to $2741.42, a decrease of 1.86%. In the past 52 weeks, Alphabet’s highest price was US$2936.41 and its lowest price was US$1514.62.
