Welcome to ARC Forums

Join our group of tech enthusiasts and Android developers

Alphabet lost a billion on its moonshots this quarter

Discussion in 'Tech News' started by Arjun Chandran, Jan 27, 2017.

  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  1. Arjun Chandran

    Arjun Chandran Super Samurai
    Staff Member

    +132 / 0 / -0
    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...

Share This Page