Alphabet Reports Fourth-Quarter Earnings

Alphabet, parent company of Google, reported strong fourth-quarter earnings yesterday with $21.3 billion in revenuein the fourth quarter, an increase of 18% from a year ago. Net income was $4.92 billion in the quarter.

“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” said Ruth Porat, CFO of Alphabet.

For all of 2015, Alphabet reported $74.5 billion in revenues from the Google portion of the business and its other segments, which it calls Other Bets, generated just $448 million in revenue in 2015.

The company reported total cash available at $73.0 billion and headcount of 61,814.

Google’s own websites generated $14.9 billion in revenues in the fourth quarter, up 15% from last year. Google’s network partners via Adsense generated $4.1 billion in revenues in the fourth quarter, up 7%. Cost-per-click was down 13% in the quarter.