Alphabet lost a billion on its moonshots this quarter

Arjun Chandran

Bronze I
Staff member

It was another solid quarter for the search giant. Analysts were expecting revenue to jump around 18 percent to more than $25 billion. Alphabet bested that with revenue of just over $26 billion, up 22 percent over the same period last year. Some analysts had predicted income of $9.64 per share, a new record for profit in a single quarter by the company. Alphabet fell a little short of that, notching $9.36 per share, which translates to a profit of $6.59 billion.

Alphabet’s “Other Bets” division, which includes everything outside Google and YouTube, managed to reduce its losses. It lost $1.21 billion in the fourth quarter of last year, and just $1.08 billion for the same period in 2016. Of course, the improvement did not come easy. In an...

Continue reading…

Continue reading...