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Google just surpassed Apple as the largest publicly traded company in the world.

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Image Source: flickr

So the news is that Google seems to have impressed Wall Street more than Apple did last week. Alphabet, the parent company of Google, broke all barriers of expectations by bringing in $21.3 Billion in revenue which is half a billion more than what analysts were expecting. The actual earning rate of $8.67/ share also exceeds the expected rate of $8.09/ share by 57 cents. The stir caused by these quarterly earnings pushed the company’s stock price in after-hours trading to make it the most-valuable company in the world. The new market-cap of Alphabet is about $570 Billion, as compared to Apple’s $539 Billion.

Ruth Porat, CFO of Alphabet opened the press release of Q4 earnings with:

"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,"
Even though there isn’t much financial information given to figure out how each entity -Search, Adds, Gmail, YouTube, Maps, Android, Cloud, Chrome, Google Play and Hardware- that makes up the new ‘Google’ is performing. However, the fact that YouTube and Mobile Search have been exclusively mentioned in the statement surely gives some hints. 

$23,425

Google 		($3,567)

Other Bets

The report summarizes full year segment results by categorizing it into two parts. Google segment and Other Bets. Google covers all of Alphabets core business like Search, Gmail and YouTube whereas Other Bets involves all the wild projects like X-labs, Wing, Fibers, Ventures etc.

The revenue for Google segment is a whopping $74.5 Billion as compared to $65.6 Billion in 2014. The operating income for Twelve Months Ended December 31, 2015 is $23.4 Billion, almost $4 Billion more than that of 2014.
However, unlike Google segment Other Bets reported an operating loss of $3.5 Billion with a revenue of only $448 Million. The loss can be justified by looking at the amount and intensity of Research and Development that has been done on different projects under the banner of Google X, Nest and Google Ventures.
Even though today was an all in all a good day for Alphabets and its subsidiaries but as TechCruch reports even Google is not vulnerable to all that is happening with the world economy and foreign exchange rates. The 18% rise in revenue would have been 24% this amounts to a difference of $1 Billion in revenue.

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