These 2 Charts Remind You Alphabet Is Still a One-Trick Pony... But What a Trick!
All-around internet powerhouse Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) once again gave shareholders plenty of different items to celebrate with its third quarter report. In addition to its search engine ad business, the company's cloud computing service revenue improved 45% year over year, while its autonomous taxi service, Waymo, began testing in San Francisco. The company appears to have a presence in a lot of other industries too, ranging from cybersecurity, to drone deliveries, to smart-home management.
When all of the counting is done at the end of each quarter though, Google parent Alphabet is still almost entirely an advertising medium. Two different (but related) charts put the matter in the proper perspective.
Kudos to Alphabet for being open-minded about opportunities outside of the search engine and internet advertising markets; surely Waymo or another developmental project operating under its "Other Bets" umbrella will hit it big someday.
Source Fool.com
