Back to top

Image: Bigstock

Alphabet (GOOGL) Q3 Earnings: Google Revenues at $22 Billion

Read MoreHide Full Article

On Thursday, Alphabet Inc. (GOOGL - Free Report) reported its third quarter fiscal 2016 earnings results, beating estimates for both the top and bottom lines.

The company’s Google division is its most well-known—it encompasses Search, Android, Maps, Chrome, YouTube, Google Play, and Gmail—and one that analysts eagerly await in its earnings release. For Q3, Google Segment Revenues rose to $22.25 billion, well above the prior-year’s figure of $18.5 billion.  

Alphabet’s Other Bets, which includes Fiber (high-speed Internet), Nest (connected home products), Verily (longevity), Calico (life sciences), self-driving vehicles, and X (“moonshot” initiatives), brought in $197 million, growing from the year-ago period number of $141 million.

Most of these ventures are more or less unprofitable—with the exceptions of Nest, Fiber, and Verily—and are considered “pre-revenue” businesses that have the ultimate goal of fixing problems across many industries. Because of this, Other Bets faced an operating loss of $865 million for the quarter.

Stocks that Aren't in the News…Yet

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Alphabet Inc. (GOOGL) - free report >>