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Google Alphabet Q4 Revenue $32.3 Billion, up 24pct Y-o-Y

2:58 pm on Feb 2, 2018 (gmt 0)

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Alphabet reported Q4 revenues of $32.3 billion, up 24% year on year, and despite that it fell short of Wall Street investors expectations.

Its employees rose from 72,053 to 80,110, up 138%, so it's still hiring.

Traffic acquisition costs were up from $4,848 to $6,450, up 24%.

Interestingly, Google's earnings from AdX, AdMob, AdSense and DBM, is very small, at around 20%, compared to earnings from its own properties, even including including search and YouTube.

Other bets revenue was up from $262 million to $409 million, with an operating loss from $1,088 down to $916 million.

Full year revenue was $110.9 billion, up 23 % from 2016, however, profit was down 35% to 12.6 billion because of a tax bill and an E.U. fine of $2.7 billion (note, that's still under appeal).

Google also confirmed that John Hennessy took over as chairman from Eric Schmidt, who will remain as an advisor.