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Google just had its best quarter ever, earning $33.7 billion in three months
- The latest Alphabet earnings report shows Google made $33.7 billion in the third quarter.
- That means Q3 2018 is the best quarter ever for Google as far as earnings are concerned.
- One begins to wonder when Google’s earnings will ever slow down.
Alphabet, Inc. just posted its quarterly earnings report. Google’s parent company posted earnings of $33,740,000,000 for the third quarter of 2018, which means Google made $33.7 billion dollars in three months.
According to Statista, that makes this past quarter the best ever in Google’s history.
While that sounds impressive, if you take a look at Statista’s graph concerning the history of Google’s quarterly earnings, you could pretty much pick any quarter at random over the past ten years and chances are good it would likely have been the best quarter for Google at that time:
With the company’s earnings climbing ever higher with no slowdown in sight, one begins to wonder: how long will it be before Google is making $40 billion every quarter. $50 billion? $100 billion? At what point will Google’s earnings flatten out?
Considering the company makes a huge bulk of its revenue from advertising and its Google Search products, it’s not hard to imagine the revenue train to just keep on rolling indefinitely. After all, do we see companies not buying ads or using Google Search any time soon?
You can download the full quarterly report PDF by clicking the button below: