Over the past three quarters, Alphabet’s revenues have grown by 22% to $78.65 billion, largely due to Google’s advertising business. However, Alphabet has been trying to expand beyond Google’s core search and advertising businesses with its ‘Other Bets’ businesses, which are trying to tackle some relevant but difficult questions. Other Bets include businesses such as Fiber, Verily, Calico, Nest, self-driving car vertical Waymo, and some other businesses. However, these bets have had little material impact to Alphabet’s top line of late, while putting pressure on the bottom line. Revenues Are Growing At Other Bets, But Still Bleeding CashOther Bets revenues have grown steadily in the past two years.
Source: Forbes November 27, 2017 15:22 UTC