It's been eight months since Alphabet Inc. was forged as a parent company for Google and its 'moonshots'. Today, the firm announced its quarterly earnings and as it turns out, Alphabet brought in revenue of $20.26 billion ($16.47 billion after traffic acquisition costs) and earnings of $7.50 a share.
GAAP (Generally Accepted Accounting Principles) net income works out to $4.21 billion, up from $3.52 billion in the same quarter last year. Non-GAAP net income comes in at $5.25 billion, up from $4.46 billion last year.
GAAP operating income was $5.34 billion, up from $4.45 billion in the same period last year, maintaining the same operating margin of 26%. Non-GAAP operating income was $6.84 billion, up from $5.65 last year, with the operating margin increasing from 33% to 34%.
Earnings are broken up between Google (including things like search, advertising, YouTube, Android, and Chromebooks), and the lump sum of everything else. Google operations are what made up 99% of the firm's total revenue, or $20.09 billion.
Analyst expectations for Alphabet were $20.38 billion in revenue ($16.57 billion after traffic acquisition costs) and earnings of $7.96 per share.
'Other bets' brought in $166 million in revenue this quarter; however, it had an $802 million operating loss. During the same quarter last year, it brought in $80 million in revenue with a $633 million operating loss.