Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2015 Results

MOUNTAIN VIEW, Calif. – February 1, 2016 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2015.

"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,” said Ruth Porat, CFO of Alphabet.

Q4 2015 financial highlights

The following summarizes our consolidated financial results for the quarters ended December 31, 2014 and 2015 (in millions, except for per share information; unaudited):



	Three Months Ended December 31, 2014			Three Months Ended December 31, 2015
Revenues		$18,103			$21,329
Increase in revenues year over year	15		%	18		%
Increase in constant currency revenues year over year	18		%	24		%

GAAP operating income		$4,399			$5,380
GAAP operating margin	24		%	25		%
Non-GAAP operating income		$5,600			$6,816
Non-GAAP operating margin	31		%	32		%

GAAP net income*		$4,675			$4,923
Non-GAAP net income		$4,654			$6,043

GAAP diluted EPS for Class A and B common stock and Class C capital stock*		$6.79			$7.06
Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock		$6.76			$8.67
Diluted shares (in thousands)	688,491			697,025
*For the three months ended December 31, 2014, GAAP net income and diluted EPS includes net income from discontinued operations.

Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as the impact from net income from discontinued operations. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release.

The following summarizes our full year segment results where Google is presented as a single segment and all other Alphabet businesses are combined as Other Bets (in millions; unaudited). For additional information on segment results, please see the tables captioned "Segment results" included at the end of this release.



	Twelve Months Ended December 31, 2014			Twelve Months Ended December 31, 2015
Google segment revenues		$65,674			$74,541
Google operating income		$19,011			$23,425

Other Bets revenues		$327			$448
Other Bets operating loss		($1,942	)		($3,567	)

The following information was filed by Alphabet Inc. (GOOGL) on Monday, February 1, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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