The European Commission has found that Google, abusing the dominant position in the online advertising market, has limited competitors from 2006 to promote their own advertising. Also, Google in search results promoted its first positions to its partners, and paid mobile device and OS manufacturers for pre-installed search applications based on Google.
The report indicates that in the absence of a fine, earnings per share could be $ 11.9. Nevertheless, the company’s revenue for the reporting period increased by 17%, reaching $ 36.3 billion, which is slightly less than analysts’ expectations, which were at $ 37.3 billion. Alphabet Chief Financial Officer Ruth Porat said that significant revenue growth was due to YouTube. Google Mobile Search and Cloud Cloud. In the first quarter of 2019, Alphabet advertising revenues increased by 15.3% to $ 30.72 billion.
Recall that Alphabet includes Google and its products, including search engine, Android operating system, YouTube video hosting, and companies, most of which came under restructuring after Google joined Alphabet, namely, technology company Google X, investment CapitalG, GV Venture Fund, Verily, a research organization, Calico, an independent biotechnology research company, Sidewalk Labs, an innovative organization, and so on.