-3.52 Alphabet has just published Q4 2016 earnings of $26 billion, up 22% from the same quarter last year. Covering the final three months of the year, these numbers notably include the first holiday season featuring the Google-made Pixel and Home. While beating analyst expectations, the stock is down in after-hours trading. Revenue is up 22% from $21.3 billion in Q4 2015, with net income at $5.3 billion for this quarter. For comparison, Alphabet reported $22.4 billion in revenue and $5 billion in net income last quarter . Not reported separately, Google's hardware sales are grouped together with Play Store sales, enterprise efforts, and more in "Other Revenues." Year-over-year, it is up 62% to $3.4 billion and a notable increase from $2.4 billion last quarter. CFO Ruth Porat notes, "great momentum in Google's newer investment areas and ongoing strong progress in Other Bet." The much-analyzed "Other Bets" is again losing money,
Read full article from Alphabet reports Q4 2016 revenue of $26 billion, 'great momentum' for Google's new hardware | 9to5Google
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