April 27, 2017 / 8:09 PM / 3 months ago

Google parent Alphabet's revenue rises 22.2 percent

1 Min Read

April 27 (Reuters) - Google parent Alphabet Inc reported a 22.2 percent rise in quarterly revenue, driven by a surge in advertising on mobiles and its popular YouTube video service.

Alphabet's net income rose to $5.43 billion, or $7.73 per Class A and B share and Class C capital stock, in the first quarter ended March 31 from $4.21 billion, or $6.02 per share, a year earlier. [bit.ly/2qbMJGY ]

The company's consolidated revenue rose to $24.75 billion from $20.26 billion.

Google is locked in a battle with social media giant Facebook Inc in the fast-growing mobile advertising market. (Reporting by Rishika Sadam in Bengaluru; Editing by Anil D'Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below