Alphabet Revenue Surges 22%

January 26, 2017

Alphabet reported financial results for the quarter and fiscal year ended December 31, 2016.

Fourth-quarter earnings per share came in at $9.36, adjusted and excluding items, on revenues of $26.06 billion. But, investors expected $9.64 on $25.26 billion in revenue.

Revenue surged 22 percent from a year earlier, with net income rising 8 percent to $5.3 billion.

Traffic acquisition costs were $4.8 billion during the quarter, up from last year and more than the $4.7 billion investors expected.

“Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube. We’re seeing great momentum in Google’s newer investment areas and ongoing strong progress in Other Bets,” said Ruth Porat, CFO of Alphabet.

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