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

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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.

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