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Alphabet Announces Q3 2015 Results of Google

Net income $3.98bn, up from $2.74bn YoY

     
11:29 am on Oct 23, 2015 (gmt 0)

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A strong performance from Google in Q3, with net income of $3.98bn, up from $2.74bn in the same quarter last year.

Notably, mobile performance is up, and this previously was a challenging sector to monetise.

Here are the highlights and snippets from the investors site.

MOUNTAIN VIEW, Calif. – October 22, 2015 – Alphabet Inc. (NASDAQ: GOOG, GOOGL), the successor issuer to, and parent holding company of, Google Inc., today announced financial results of Google as it existed prior to the reorganization that became effective on October 2, 2015 for the quarter ended September 30, 2015.

“Our Q3 results show the strength of Google's business, particularly in mobile search. With six products now having more than 1 billion users globally, we're excited about the opportunities ahead of Google, and across Alphabet,” said Ruth Porat, CFO of Alphabet and Google. Alphabet Announces Q3 2015 Results of Google [investor.google.com]

  • Revenues of $18.7 billion and revenue growth of 13% year over year; constant currency revenue growth of 21% year over year
  • Substantial growth of mobile search revenue, complemented by contributions from YouTube and Programmatic Advertising
  • GAAP and non-GAAP operating income of $4.7 billion and $6.1 billion, respectively
  • GAAP and non-GAAP diluted EPS of $5.73 and $7.35, respectively
  • Strong operating cash flow of $6.0 billion
  • 12:57 pm on Oct 23, 2015 (gmt 0)

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    And for the best in geek finance: Alphabet intends to buy back $5,099,019,513.59 in Google stock.

    Where is the geek factor you ask?
    Alphabet is the name of the purchasing entity, there are 26 letters in the 'real' alphabet, and 5.09901951359 is the square root of 26.

    Amusing conceit, no?
    1:19 pm on Oct 23, 2015 (gmt 0)

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    lol, well spotted, iamlost, you win today's geek award!
    12:51 am on Oct 26, 2015 (gmt 0)

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    Over the last 10 years they've been "stealing" so much from webmasters (and the authorities by form of tax avoidance). I have no doubt that the same sense of "humor" is firmly built into thier algo "logic".