Alphabet's 'Other Bets' Category Lost $3.6 Billion Last Year, Grew Revenue 37-Fold Since 2013
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are up 9 percent on Tuesday, with Class A shares near the $820 mark after the Internet giant trounced Wall Street's top and bottom line expectations.
Alphabet's much-anticipated "other bets" category -- reported for the first time -- also reveals some interesting numbers:
- Other Bets revenue hit $448 million in 2015, up 37-fold from 2013.
- Other Bets' operating loss hit $3.57 billion, up from $1.94 billion in 2014 and a loss of $527 billion a year earlier.
- Capital expenditures in Other Bets is now $869 million, up from $501 million a year earlier.
- Other Bets revenue was at its highest last year in the December quarter, just above $151 million.
The category, which includes Google X, its self-driving cars division, nest, Calico and Ventures, was expected to generate an EBITDA margin of 55 percent. After Wall Street analysts calculate this figure, expect it to be a topic of discussion on Tuesday morning.
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