Thursday, April 25, 2024

Alphabet’s experiments still lose money, but it’s getting better

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Alphabet, semi-new parent company to the Google we all know and love / tolerate, continues to rake in money hand over fist. The company just released its financial statements for Q3 of 2016, and both revenue and overall profit continues to soar. All companies under the Alphabet umbrella pulled in $22.5 billion in the quarter (up 20 percent year-over-year), and net income rose 27 percent to $5.1 billion.

Unsurprisingly, nearly all of that revenue continues to come from Google: Alphabe…
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