Alphabet reports $21.5 billion in revenue for Q2 2016


Alphabet — Google’s parent company announced about a year ago — just reported their quarterly earnings for Q2 2016. Alphabet CFO Ruth Porat told investors the company is seeing 21% revenue growth (year on year) with $21.5 billion in revenue ($8.42 a share). This is actually up from Wall Street expectations of $20.76 billion ($8.04 a share).

Google’s core business makes up the majority of their earnings, with $17.53 billion and $185 million for their “other bets” projects like Google Fiber, Nest, and Verily. Google also saw a 33% increase in its “other revenues” which includes the Google Play Store and hardware sales. You know, their non-ad business.


Chris Chavez
I've been obsessed with consumer technology for about as long as I can remember, be it video games, photography, or mobile devices. If you can plug it in, I have to own it. Preparing for the day when Android finally becomes self-aware and I get to welcome our new robot overlords.

The LG V20 is scheduled to arrive later this quarter

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