Market Overview

Alphabet's 'Other Bets' Category Lost $3.6 Billion Last Year, Grew Revenue 37-Fold Since 2013

Related GOOG
Why User Privacy Will Be The Hottest Tech Topic Of 2018
What The FCC's Net Neutrality Repeal Means For You
Just Turned 40? How To Reach A Goal Of $1.5 Million (Seeking Alpha)
Related GOOGL
Loup Ventures: Tech Giants Have Invested In 217 AR, VR Startups
Needham's Laura Martin Offers A Few Reasons Roku Shouldn't Be Affected By Amazon's Apple TV, Chromecast Offering
AustralianSuper Pty Ltd Buys Chevron Corp, Texas Instruments Inc, FLIR Systems Inc, Sells Visa ... (GuruFocus)

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.

Posted-In: Alphabet Google Other betsEarnings News Movers Tech


Related Articles (GOOG + GOOGL)

View Comments and Join the Discussion!