February 2, 2016
More Than $23 Billion in Revenue For Year's Final Months
There’s an awful lot of numbers in the Alphabet.
Google’s parent company released its figures for the fourth quarter of 2015 and to call the figures impressive would be a massive understatement. An 18 percent increase in revenue when compared year-to-year has the company posting no less than $21.3 billion.
Alphabet, of course, owns more than just Google and, as chief financial officer Ruth Porat noted, all are paying off.
“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” Porat stated in a company press release.
The news was better than had been anticipated. Predictions had the company earning roughly $20 billion for the last three months of last year.
As Forbes reported, the company’s positive figures trickled down into trading Monday as after hours trading saw stocks jump eight percent.
Porat, during an earnings call, stressed the company’s main focus must remain “revenue growth,” but that does not mean Alphabet gets a “pass on a rigorous approach to expense management.” The company will continue to invest in “longer term opportunities” recognizing they will likely require additional investment before the company sees meaningful returns.
W. Brice McVicar is a staff writer for SiteProNews.