Alphabet Announces First-Ever Dividend as Profit and Revenue Soar in Third Quarter

Alphabet, Google’s parent company, to issue first-ever dividend payout

Alphabet, the parent company of Google, has announced that it will be paying out a dividend of 20 cents per share for the first time. This news comes after a successful past quarter where the company saw an increase in turnover and profit. In the third quarter, Alphabet’s revenue increased by 15 percent year on year to $80.5 billion, surpassing analyst expectations. Profit also rose to $23.7 billion, compared to $15 billion in the previous year.

One of the key income sources for Alphabet remains advertising revenue, with YouTube contributing significantly to revenue growth. Additionally, Alphabet’s cloud activities performed well in the first quarter, with an operating profit of $900 million, which was a substantial increase from previous periods and exceeded analyst expectations.

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