Alphabet revenue jumps 25% but profit falls
Alphabet, the parent company of Google, reported that its revenue rose 25% in the latest period. Its profit fell over the same period, according to a New York Times report. The headline gives no reasons for the drop in profit.
Quick glossaryAlphabet, Revenue, Profit
- Alphabet
- The parent company of Google, based in the United States, best known for Google Search, YouTube and Android phones.
- Revenue
- The total money a company brings in from selling its products or services, before any costs are taken out.
- Profit
- The money a company keeps after paying all its costs, such as salaries, materials and running expenses.
Read at Google News: artificial intelligence, last 24h
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