Alphabet Rides on Strong Google Services Segment

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Alphabet Rides on Strong Google Services Segment - Benzinga

Quick Summary:

A strong product portfolio and an expanding partner base are key growth drivers of the Google Services segment, which contributes to the majority of Alphabet's total revenues.

Alphabet's division, Google, is making concerted efforts to strengthen this segment further on the back of feature upgrades for its first-party web apps in order to increase their adoption among users.

The outperformance can be attributed to the strong performance of the Google Services segment, which is mainly driven by Search, YouTube, Android, Pixel and its first-party web apps.