Alphabet's moonshots are making more money, still aren't profitable

Alphabet's moonshots are making more money, still aren't profitable

17m ago 1h ago 3h ago 4h ago Hardware sales are also "promising," according to Google CEO Sundar Pichai. Share Tweet Share Save Alphabet , Google's parent company, continues to rake in money hand over fist. In its fourth and final quarter for 2016, the company reported $26.02 billion in revenue, which is a growth of 22 percent compared to this time last year. According to a press release , this performance was led by "mobile search and YouTube," which makes sense since advertising continues to be Google's bread and butter -- $22.4 billion of that revenue came from advertising. This time however, even Alphabet's non-Google properties improved revenue-wise -- it reported $262 million revenue from its Other Bets this quarter, which is an improvement over the $150 million from this time last year. Indeed, Other Bets made $809 million in the entirety of 2016, which is up 82 percent over 2015.

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