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Alphabet's Q1 2018 revenue stands at $31.1 billion, up 26% year-on-year

5 monthes ago   |   By GSMArena

Google's parent company Alphabet has released its earnings report for Q1 2018, revealing a revenue figure of $31.1 billion, which is up 26% from the same time period last year .
Google's advertising business accounted for a major part of Alphabet's revenue, brining in $26.6 billion. Revenue from other sources stood at $4.3 billion. These figures were up from $21.1 billion and $3.2 billion y-o-y, respectively.
The company's net income stood at $9.4 billion, up from $5.4 billion reported by the Mountain View, California-based company last ...
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With Netflix planning to spend $8 billion on content this year, company plans to raise $1.5 billion in debt

With Netflix planning to spend $8 billion on content this year, company plans to raise $1.5 billion in debt

5 monthes ago   |   By TheBoyGeniusReport

A few years ago, Netflix came to the astute realization that it needed to amass a large library of original content. The brilliance of Netflix's decision here was two-fold. For starters, original content helps Netflix bring more subscribers into the fold. Second, a vast library of original content helps lessen the company's reliance upon third-parties who - thanks to the growing influence Netflix wields - are understandably wary of the threat Netflix poses.
Consequently, Netflix has been spending insane amounts of money on developing and acquiring original content, not to mention licensing...
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