Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2016 Results

MOUNTAIN VIEW, Calif. – January 26, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2016.
"Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube.  We’re seeing great momentum in Google’s newer investment areas and ongoing strong progress in Other Bets," said Ruth Porat, CFO of Alphabet.
Q4 2016 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2015 and 2016 (in millions, except for per share information; unaudited):
 
Three Months Ended December 31, 2015
 
Three Months Ended December 31, 2016
Revenues

$21,329

 

$26,064

Increase in revenues year over year
18
%
 
22
%
Increase in constant currency revenues year over year
24
%
 
24
%
 
 
 
 
GAAP operating income

$5,380

 

$6,639

GAAP operating margin
25
%
 
25
%
Non-GAAP operating income

$6,816

 

$8,485

Non-GAAP operating margin
32
%
 
33
%
 
 
 
 
GAAP net income

$4,923

 

$5,333

Non-GAAP net income

$6,043

 

$6,593

 
 
 
 
GAAP diluted EPS for Class A and B common stock and Class C capital stock

$7.06

 

$7.56

Non-GAAP diluted EPS for Class A and B common stock and
Class C capital stock

$8.67

 

$9.36

Diluted shares (in thousands)
697,025

 
700,221

Operating income, operating margin, net income, and diluted 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. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense, net of the SBC related tax benefits. These non-GAAP measures, 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 segment results where Google is presented as a single segment and all other Alphabet businesses are combined as Other Bets (in millions; unaudited):
 
Three Months Ended December 31, 2015
 
Three Months Ended December 31, 2016
Google segment revenues

$21,179

 

$25,802

Google operating income

$6,744

 

$7,883

 
 
 
 
Other Bets revenues

$150

 

$262

Other Bets operating loss

($1,213
)
 

($1,088
)


The following information was filed by Alphabet Inc. (GOOGL) on Thursday, January 26, 2017 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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