Alphabet has released 2015 third quarter financial results for Google and things are looking good for the search giant. Google experienced a substantial 13 percent growth rate year-over-year in revenues, driven in large part by strength in mobile search revenues. Google and Alphabet CFO Ruth Porat noted that “with six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet.”
For the third quarter, Google generated $18.7 billion in revenue and achieved net income of almost $4 billion. Google owned sites, like YouTube, generated $13 billion in revenue, which was up 6% compared to the previous quarter. Paid advertisement clicks saw a 23 percent year-over-year increase which included a 35 percent increase in these clicks being generated by Google’s own sites. Other areas of Google’s operations, like Google Play or the Nexus line of devices, which are listed as part of “Other revenues” experienced an 11 percent growth rate.
On the expenses side of the income statement, Google’s operating costs tallied up to $6.93 billion, which was an increase from last year’s $6.1 billion. A big contributor to that growth included 8,400 new employees that have been added to the company’s ranks of Googlers.
source: Google
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