Google posts a solid Q4 as annual revenue hits $74.5 billion
The past few weeks have offered us our latest glimpse into the books of the biggest companies in mobile, as firms like Apple, Microsoft, LG, Samsung, and more all report their latest financial figures. That’s left us with at least one more giant still needing to share its most recent performance data, and today Google – or rather, Alphabet – comes through with news of respectable Q4 growth, topping off a big year that brought in some $74.5 billion in total revenue.
Looking at Alphabet as a whole, we see quarterly revenue of $21.3 billion, contributing to a net profit just shy of $5 billion – that’s up a solid billion in profit compared to last quarter, though only slightly ahead of the $4.675 billion from Q4 2014.
For the year as a whole, we get a nice breakdown between Google proper and what Alphabet’s calling its “other bets” – those include projects like Google Fiber and some of the company’s hardware acquisitions. Here, Google itself generated $74.5 billion over the course of the year, creating $23.4 billion in operating income. Those figures are comfortably up from $65.6 billion and $19 billion in 2014, respectively.
As for those other bets, Alphabet saw only meager revenue there, to the tune of $448 million, unable to offset losses of $3.5 billion – but when you’re a company this big, sometimes you’ve got to spend money now on more experimental projects to bring in the big bucks further down the line.
Update: Following publication of this data, after-hours trading has pushed Alphabet to a higher market cap than even Apple: $570 billion vs $539 billion.