Google’s parent company, Alphabet has revealed its fourth quarter report along with the earning of fiscal year 2017. Google showed a Record-breaking USD 110 billion Revenue for the first time in its History. However, in its fourth quarter, the company faces some lose as well.
Google Showed a Record-breaking USD 110 billion Revenue for the first time in its History
For the entire 2017 fiscal year, Alphabet recorded revenues of $110.8 billion, up from $90 billion in 2016. Net income was $12.6 billion for the 2017 fiscal year, compared to $19.4 billion in revenues in 2016. The majority of the revenues comes from Alphabet’s Google division. It brought it $31.9 billion for the fourth quarter of 2017 and an operating income of $8.7 billion.
Alphabet also broke down Google’s own revenues for the quarter, revealing that it generated a total of $27.227 billion in revenues in ads from its websites and from its Network Members websites. Revenues from Google’s other businesses, which include its various hardware products like its Pixel phones, Google Home speakers and others, along with money from the Google Play Store, totaled $4.687 billion for the quarter. That’s a pretty big increase compared to the $3.403 billion from year ago.