q42018earnings

Latest

  • SIPA USA/PA Images

    Google's tumultuous year didn't stop it from making more money than ever

    by 
    Nathan Ingraham
    Nathan Ingraham
    02.04.2019

    Google had a tough 2018. Not Facebook-level bad, but the company still spent a lot of time on the defensive about the vast amount of consumer data it has access to, some data breaches and YouTube conspiracy theories -- just to name three issues. That didn't stop the company from raking in more and more cash, though. The company just released its earnings statement for Q4 2018 and both revenue and profit continued to grow. Google's holding company Alphabet pulled in revenues of $39.2 billion, up 22 percent year-over-year. Net income of $8.9 billion represented a big turnaround from a year ago, when Alphabet actually lost $3 billion because of a one-time tax charge.