Alphabet — and Google — revenues rose 23% in 2018: 4 notes

Jessica Kim Cohen -

Alphabet released earnings results for its 2018 fiscal year on Feb. 4, posting a 23 percent rise in revenue — almost entirely driven by its main subsidiary, Google.

Four things to know about the Mountain View, Calif.-based tech giant's financial performance:

1. The company posted $136.8 billion in revenue for the year, up 23 percent from $110.9 billion in 2017.

2. Google accounted for the vast majority of Alphabet's revenue during 2018 (99.6 percent) at $136.2 billion — up 23 percent from $110.4 billion one year prior. On an earnings call Feb. 4, Alphabet and Google CFO Ruth Porat said the company is building up Google's newer projects.

"We're investing aggressively in our newer businesses within Google, particularly cloud and hardware," Ms. Porat said, according to MarketWatch. She added that Google is investing in engineering, sales and marketing hires, with "increased headcount to support not just ads, but in particular, cloud."

3. Alphabet's businesses outside of Google, which the company refers to as its "other bets," hit $595 million, up 25 percent from $477 million in 2017. The other bets category encompasses Alphabet's more experimental projects and venture capital arms, such as its life sciences business Verily.

4. Alphabet posted $26.3 billion in operating income, up less than 1 percent from 2017. Google reported $36.5 billion in operating income, while other bets experienced a $3.4 billion operating loss.

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