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Google parent Alphabet reports strong growth
Ronald Josey of JMP Securities told the Reuters news agency investors would excuse those losses: “As long as the core business continues to operate well with accelerated revenue… investment in those businesses can continue”, he said.
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According to analysts, the spike in Google’s share price gives the company a potential estimated value of 558 billion U.S. dollars, with Apple now revalued at around 534 billion. The “Other Bets” segment now includes “Access/Google Fiber, Calico, Nest, Verily (formerly Google Life Sciences), GV (formerly Google Ventures), Google Capital, X (formerly Google [X]) and other initiatives”.
Apple became the United States’ most valuable company in 2010, when it dislodged Microsoft. Advertising revenue is up 17 percent year over year, while that of Google’s own sites are up 20 percent year over year.
Alphabet, in spite of spending $3.6 billion in one year on costly projects like self-driving cars which did not make much money, kept its advertising business on swing with strong results in the concluding three months of 2015.
While the company lifted the curtain to show how much it’s really losing from moonshot projects, there are still questions surrounding how mobile and desktop search play into Alphabet’s overall business-and what total clicks and cost-per-click mean for advertisers. Still, Other Bets’ fourth-quarter revenue more than doubled the second quarter’s.
He also touted the company’s performance during the holiday shopping season, saying that programmatic video impressions doubled this season compared to last, and that 60 percent of them came from mobile devices.
Shares of Alphabet rose 5.5% to $813.99 in after-hours trading. “Alphabet’s claiming of the most value company title has been seen by some as a passing of the technology baton”.
The online company said its revenue from search ads rose 31 per cent in the fourth quarter compared to the same period a year earlier.
Google reported that paid clicks were up 31 percent year over year but CPCs were down 13 percent.
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In 2015 as a whole, Google earned $74.5 billion in revenue with $23.4 billion of operating income, both up over the year before.