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Alphabet announces Google's Q3 2015 results - revenue up 13% year-over-year
Alphabet has just posted Google’s financial results for the quarter ending September 30th, 2015. Google saw tremendous overall revenue growth year-over-year, as well as a substantial increase in mobile search revenue.
Google earned a total of $18.7 billion in revenue from the beginning of July to the end of September, which is a substantial 13% year-over-year increase from last year’s $16.5 billion. The company also achieved a total net income of approximately $3.98 billion, which is up from the $2.74 billion Google earned this time last year. Sites owned by Google generated $13 billion, which is a 6% increase quarter-over-quarter and a 16% increase year-over-year. Paid advertisement clicks have seen a 23% year-over-year increase, and paid clicks on Google’s websites saw a 35% year-over-year and 7% quarter-over-quarter increase.
Ruth Porat, CFO of Alphabet and Google, comments:
Our Q3 results show the strength of Google’s business, particularly in mobile search. With six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet.
“Other revenues”, the portion which includes both Google Play and the Nexus program, generated $1.89 billion in revenue, which is up an impressive 11% both year-over-year and quarter-over-quarter. Google’s operating costs totaled $6.93 billion, up from $6.1 billion this time last year. Google also hired a little over 8,400 new employees since last year, which certainly contributes to the company’s operating costs.
For more information on the financial reports, head to the Investor Relations link attached below.