Posted: 01 Feb 2016 01:58 PM PST
The Mountain View, Calif. firm generated $21.3 billion in revenue, beating Wall Street estimates of $20.8 billion. Earnings were $8.67 per share, beating estimates of $8.09 per share. The company attributed its strong revenue growth to search ads, YouTube and programmatic advertising. For the first time, Alphabet released separate financial information for Google (which includes search, YouTube and Android) as well as a cadre of so-called moonshots that Alphabet has lumped together as “Other Bets.” These include things like smart thermostat company Nest and innovation incubator Google X. The new data reveal just how dependent Alphabet is on search as its core business. Google generated almost $75 billion in revenue for the year 2015 and had an operating profit of $23 billion. Other Bets generated just $448 million during the same period and posted a loss of $3.6 billion. |
Wednesday, February 3, 2016
Google Overtakes Apple as the World’s Most Valuable Public Company - Time Business
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