Alphabet's crazy moonshots are growing revenues faster than losses

Alphabet’s crazy moonshots are growing revenues faster than losses

Tweet Share Alphabet, the holding company that houses Google and its many wild moonshots, reported its first quarter earnings today. The company has been trimming back on some of its crazier ventures, recently putting robot builder Boston Dynamics up for sale. The move to break out the earnings of the core Google business from its more risky projects — known as “Other Bets” — was also meant to ease investors concerns. Even though it lost $802 million on its Other Bets this quarter, Alphabet continued to show double-digit growth in key financial metrics, with $20.25 billion in revenue and $5.35 billion in operating income. That’s a growth of 17 percent and 20 percent on a year-over-year basis. Ruth Porat, Alphabet’s chief financial officer, said on the earnings call that this growth…


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