Alphabet is touting a “terrific” Q3 with a reported $27.7 Billion in revenues for the third quarter of 2017, which as the company states has resulted in a 24 percent increase in its revenues from the third quarter of the previous year, which was reported at an amount of $22.4 Billion. Those numbers are based on revenue reporting from a three-month time period ending on September 30th of this year, and September 30th of last year. Not only is Alphabet’s revenue up from the same time last year, but it’s also up from the second quarter of this year where Alphabet recorded a total revenue of $26.01 Billion, showing that the company has been consistently increasing its revenue intake.
Revenues from both Google and Alphabet’s Other Bets have a large part to play in the overall results of Alphabet’s good standing this quarter, with the company’s CFO Ruth Porat giving a nod to both. The Other Bets revenues are reported for Q3 of 2017 at $302 Million, which is up from $197 Million from the same time in 2016, though Alphabet also highlights that its Other Bets still saw an operating loss of $812 Million. This is compared to the Other Bets operating losses of $861 Million from the same time last year. Alphabet also saw increases from Google’s revenues across multiple categories. Google’s ad revenues increased from $19.8 Billion in Q3 of 2016 to $24.06 Billion in Q3 of 2017. Google’s Other Revenues saw an increase from $2.4 Billion last year to $3.4 Billion this year, which includes things like Google’s hardware devices, such as the Pixel and Pixel XL, Google Home, and similar products.
That said, while Google’s revenues went up, its operating income also went up. According to Alphabet Google’s Operating Income increased from $6.7 Million last year to $8.7 Million this year. There were also substantial changes to the Aggregate paid clicks, paid clicks on Google properties, and paid clicks on Google Network Members’ properties from this time last year to now, showcasing increases of 47 percent, 55 percent, and 10 percent respectively. Compared to the second quarter of this year, those changes show percentage increases of 6 percent, 7 percent, and 2 percent respectively. Overall Alphabet is doing well, and it appears that it once again largely has Google to thank for that.