Alphabet’s core business thrives; “moonshots” lost .6B in 2015

Mobile search, YouTube and programmatic advertising powered Google’s revenue in Q4 2015, while parent Alphabet revealed how much revenue (and loss) comes from Other Bets, its so-called moonshot activities. Google, which includes the search and ad business as well as related activities such as Play, hardware, cloud and apps, and newer efforts such as machine learning and virtual reality, saw an 18 per cent increase in revenue to $21.2 billion in the three months to end December. Operating income of $6.77 billion was up 29.7 per cent. Other Bets made a Q4 operating loss of $1.2 billion, almost doubled year-on-year from $634 million, on revenue of $151 million, up 42.5 per cent. For the full year, Google revenue of $74.5 billion was up 13.5 per cent. Operating income was $23.4…

Link to Full Article: Alphabet’s core business thrives; “moonshots” lost .6B in 2015

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