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Google grows revenues 18% in Q4
2016-02-02 08:23:00| Telecompaper Headlines
(Telecompaper) Google has for the first time disclosed how much it earns from its main advertising and information business and how much it loses on "other bets". Its parent company Alphabet reported that "other bets" cost the company an operating loss of USD 3.567 billion last year and contributed revenues of only USD 448 million. The main Google business recorded an operating profit of USD 23.425 billion on revenues of USD 74.451 billion. In the fourth quarter, the total group posted revenues up 18 percent year-on-year to USD 21.329 billion. Net profit rose to USD 4.923 billion or USD 7.06 per share from USD 4.675 billion or USD 6.79 per share in Q4 2014.
Tags: google
revenues
grows
q4
Category:Telecommunications