Google makes so much money that it can pay Pakistan’s debt in 50 days
Google’s parent company, Alphabet, reported another pretty solid profit for its first quarter of 2018. The company has continued to keep its business growing substantially and is growing even faster than it was a year ago today. Google claims that its revenue grew 26% year-over-year to $31.16 billion in the first quarter this year. Google has made this much revenue in 3 months period, while Government of Pakistan’s debt reserves estimates the figure of 2018 at $18 billion.
The US-based company claims that its revenue had grown 22% between Q1 of 2016 and Q1 of 2017. The irony is that Google is actually growing faster than any other tech giant. Although it was just a year ago that there was a decline in its cost-per-click of Google. As more and more web browsing shifts to mobile devices. Last year, Google said it recorded $24.75 billion in the first quarter.
Here’s the final scorecard:
- Revenue: $31.16 billion, compared to $18 billion Pakistan’ debt which is up 26% year-over-year.
- Earnings: $9.93 per share.
- Other Revenues: $4.35 billion, up from $3.27 billion in Q1 2017.
- Other Bets: $150 million, up from $132 million in Q1 2017.
- Other Bets losses: $571 million, down from $703 million in Q1 2017.
In the end, it’s shocking compared to what Pakistan’s debt is. This shows that investors would prefer investing in Google’s shares rather than investing in Pakistan. Therefore, this is a wake-up call for Pakistan.
Google’s stock is up around 2% in trading, which for Google is adding more than $10 billion in value as it races alongside Microsoft and Amazon to chase Apple as the most valuable company in the world by market cap.
Would you rather invest in Pakistan or Google? Let us know in the comments below.