Alphabet cracks $100b in annual revenue as advertising soars

Tuesday, 6 February 2018 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Google parent Alphabet Inc surged past $ 100 billion in yearly revenue powered by soaring sales of pricey online ads, but reported a fourth-quarter loss due to a $ 9.9 billion one-time tax-related charge.

Alphabet on 1 February reported a net loss of $ 3.02 billion or $ 4.35 per Class A and B share and Class C capital stock in the quarter ended 31 December 2017, compared to a profit of $ 5.33 billion or $ 7.56 per share a year earlier.

Fourth-quarter revenue rose about 24 percent to $ 32.32 billion.