Google CEO made almost $200 million past year

CFO Ruth Porat called the results “excellent”, and a “terrific start to 2017”.

Shares of the company headquartered in Mountain View, California rose 2.8 percent to $916.80 after the bell on Thursday.

It’s also the case that YouTube, where the trouble is, represents only a portion of Google’s $21.4 billion in digital ad revenue.

But Alphabet of course has its fingers in a lot of different ventures, including its “Other Bets” unit which compromises its Waymo self-driving auto business, Google Fiber, thermostat-maker Nest and the life sciences firm Verily. Last year, the company delivered earnings of $6.02 per share on total sales of $20.26 billion during the same quarter. The Company’s segments include Google and Other Bets.

Mark Mahaney, analyst at RBC Capital, said: “We believe the renegotiated Apple contract has something to do with this, but also a heavier share from mobile vs. desktop”. In one example Pichai discussed, Under Armour used a combination of bumper ads and TrueView to promote a product launch and experienced double the lift in product interest from those who saw both ads compared to those who only saw the TrueView ad. We use cookies to improve your browsing experience.

“Overall, I’m pretty confident at the rate at which we have made progress, and we’re going to continue investing a lot here”, said Pichai. Machine learning and all the efforts around Google Brain and Deepmind are good examples.

Friday is shaping up to be a nice day for Alphabet Inc.

Big firms in the United Kingdom and U.S. have been pulling ads from Google’s YouTube platform after discovering their brands appearing alongside videos promoting terrorism and other inappropriate content.

But the long-time Google employee, who was named CEO during the company’s re-organisation in August 2015, received a stock award of Dollars 198.7 million in 2016, roughly double his 2015 stock award of USD 99.8 million.

Still, advertising remains Alphabet’s cash cow. Net income came in at $19,478 million a year ago (2016) and estimated at $23,062 million for 2017. Alphabet said it changed its methodology for paid clicks and cost per click, resulting in a “modest increase in paid clicks and a modest decrease in cost-per-click”.