Google parent Alphabet posts record-crushing fourth-quarter 2015 earnings

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/0lhVOL_ok7.6tVcvbXp9kg--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-US/homerun/digital_trends_973/f493f876673e3fa03034256a60c0d7ee (http://news.yahoo.com/google-parent-alphabet-posts-record-012249981.html)For the first time, Google has reported its earnings as-multinational conglomerate-Alphabet, which was established as Google’s parent company last year. Alphabet-reported a hefty $21.33 billion in revenue and $8.67 in earnings per share in the fourth-quarter of the 2015 fiscal year. Google, which technically is now only one Alphabet’s many subsidiaries, was responsible for about 98 percent of the reported-revenue, at $21.178 billion. Alphabet crushed the expectations of analysts, who predicted $20.77 billion in revenue and $8.09 in earnings per share. Alphabet is now-the most valuable company in the world with a stock-market valuation of $553 billion, surpassing, at least for the time being, Apple’s-$538 billion market cap. Although-Alphabet is divided into several subsidiaries, its earnings are only split into two: Google, designed for products and services that garner profits, and “Other Bets,” the more experimental moonshot companies crafted to pursue-the conglomerate’s alternative undertakings. Related:- Google’s is testing drones for 5G Internet delivery Alphabet succinctly defines the two categories as follows: Google:-- “Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play as well as hardware products we sell, such as Chromecast, Chromebooks, and Nexus.” Other Bets : “Access/Google Fiber, Calico, Nest, Verily (formerly Google Life Sciences), GV (formerly Google Ventures), Google Capital, X (formerly [X]) and other initiatives.” As should be expected from a series of ventures that are highly speculative, Alphabet’s Other Bets subsidiaries brought home a $3.6 billion operating loss last year, with $448 million reported in revenues. Most of that revenue is attributed to Nest, Fiber, and Verily. Google, by contrast, owes its wealth largely-to pay-per-click advertising. Although the amount such advertising generates per click is declining, the overall number of clicks is increasing considerably, more than compensating for that-decline. In “Other Revenues,” which includes the Google Play app store as well as cloud storage services, Google reported earnings of $2.1 billion, an increase of 24 percent year on year. Maybe Biggie was wrong: “Mo money,” thus far, doesn’t seem to equate to “mo problems” for Alphabet. Also watch: Google Partnership Brings More Intelligence to Smartphones Please enable Javascript to watch this video



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