Alphabet – the parent company of Google and all their other ventures – has today announced their 4th quarter earning and we’re going to follow it to the letter. It was a bumper year in terms of revenue, with the results bumping Alphabet’s market cap to an impressive US$570 billion, making the company the most valuable company in the world.
The results are a new way for Alphabet to disseminate their earnings report, with Alphabet the main focus, though with Google’s earnings still clear to see.
The move to most valuable company in the world, beats Apple who has a current market cap of US$535 billion. The rise in price is due to their share value, which closed at US$752.00 per share but rose to US$791 per share in after hours trading.
Overall, it was a great report from Google, with $74.5 billion in revenues in 2015 which is up 13 percent year-over-year. Speaking of the Q4 2015 earnings report, Ruth Porat, CFO of Alphabet said:
Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people.
The numbers also
Some numbers for you:
- $21.3 billion in revenue for Q4 2015, an 18% increase year-over-year.
- $4.9 billion net income in Q4 2015.
- Google now has a headcount of 61,814 up from 59,976 last quarter
If you’re interested in the actual earnings call, you can check it out here: