Alphabet Q1 2018 earnings: $31 billion revenue leads to $7 billion income
First quarter sees strong double-digit growth.
Alphabet, the parent company comprised of Google and various other subsidiaries, has just released its Q1 2018 earnings. The top-level numbers are strong: $31.1 billion in revenue, leading to $7 billion in operating income for the three months. Those numbers are increases of 26% and 22% over the previous year, respectively. In short, Alphabet continues to have amazingly large growth for a company of this size.
The "Google" part of the business obviously continues to be the primary driver of revenue and income for the company, with the "Other bets" segment — a combination of small, speculative endeavors — delivering a relatively tiny amount of revenue and another quarterly loss. Other bets had revenues of just $150 million, leading to a $571 million loss — though that was an improvement of $132 million from last year.
Outside of the money, Alphabet now has over 85,000 employees worldwide, which is a considerable jump of 11,000 from Q1 2017.